Treasury Wine Estates will book A$558.4 million ($394.5 million) in after-tax charges in fiscal 2026 as it fallows vineyards, cuts grape intake and writes down U.S. assets, brands and bulk wine to tackle chronic oversupply and weaker demand in its Americas business. The measures, launched after a June strategic review, mainly affect DAOU, Frank Family Vineyards and Beaulieu Vineyard, extend across the company's U.S. production and distribution network, and are mostly non-cash on top of impairments already recognised in the first half. Despite the reset, unaudited 2026 EBITS is expected to reach A$492.3 million, above prior guidance of A$480 million to A$490 million, shares rose as much as 7.9% to A$5.86, and Treasury Wine said 2027 EBITS should be at least in line with 2026 as broader restructuring options remain under review.