A glass of red with a side of growth
Josh Gilbert | Jul 26, 2024 14:43
Luxury goods continue to be prevalent in today’s society driven by growing affluence and rising disposable incomes globally. With that, the luxury wine market is thriving with solid growth in the Asia-Pacific region. Treasury Wine Estates is one of the world's largest producers of luxury wines and is positioned for ongoing growth with its re-entry into a significant global market. While the business has seen limited growth in recent years, this looks set to change following strategic acquisitions and rising demand for its globally renowned Penfolds brand. So, can Treasury Wine Estates get you raising your glass? Let's find out.
- Treasury Wine Estates is poised for growth with strong brands like Penfolds and a strategic re-entry into China's lucrative market.
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The luxury wine market is set for continued growth, which looks set to drive Treasury Wines to double-digit earnings growth over years ahead. -
Analysts are bullish with 13 buy ratings, 4 holds and 0 sells, reflecting confidence in Treasury Wine Estates' robust global strategy and premium portfolio.
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