Treasury Wine Estates reported a 41.5% fall in full-year underlying profit as weakness in its Americas business continued to weigh on results. The Australian winemaker said underlying net profit after tax for the year ended June 30 fell to A$275.3 million from A$470.6 million a year earlier, although the result came in above a Visible Alpha consensus estimate of A$262 million. The decline was driven by softer U.S. demand, distribution disruptions and excess inventory in the Americas unit, where EBITS (earnings before interest, tax and certain asset-related items) dropped 61.4% to A$90.2 million and net sales revenue fell 21.2% to A$575 million in fiscal 2026. The company also recorded a A$1.12 billion impairment charge on its U.S. assets and a further A$611.3 million charge tied to a strategic review of the Americas business and efforts to rebalance its U.S. supply chain.