Treasury Wine Estates Ltd

TWE: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$42.30	Ynw	Tdtzgjxr

Despite Some Strong Brands Like Penfolds, Treasury Wine Estates Lacks an Economic Moat

Angus Hewitt

Feb 15, 2024

Business Strategy and Outlook

Treasury Wine Estates is increasingly focusing on building high-end brands in its portfolio, particularly in luxury and premium wine. With this focus, the company's revenue from higher-end wines has risen above 80% in fiscal 2023 from less than half in early 2014, both from growth in its high-end products and purposeful reduction of low-end, or commercial, wine sales.

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