Treasury Wine Estates settles US distributor dispute and raises earnings outlook
The Australian winemaker settled a legal dispute with its US distributor and raised its half-year earnings forecast. The deal involves repurchasing inventory.
Insights:
Treasury Wine Estates announced on February 9, 2026, that it has reached a settlement with its distributor in the United States 
US, the Republic National Distributing Company (RNDC) , effectively resolving a dispute over the closure of RNDC’s California operations. As part of the agreement, the company will repurchase inventory held by RNDC, including products within the Treasury Americas and Treasury Collective portfolios. This settlement concludes a period of disruption that the company stated had significantly affected its performance during the first half of the year.
US, the Republic National Distributing Company (RNDC) , effectively resolving a dispute over the closure of RNDC’s California operations. As part of the agreement, the company will repurchase inventory held by RNDC, including products within the Treasury Americas and Treasury Collective portfolios. This settlement concludes a period of disruption that the company stated had significantly affected its performance during the first half of the year.In addition to the settlement, Treasury Wine Estates has upgraded its financial outlook for the first half, raising its earnings before interest and taxes (EBIT) guidance to A$236 million. This figure is notably higher than the company’s previously issued guidance range of A$225 million to A$235 million. The revision reflects the removal of specific distribution-related uncertainties following the agreement with RNDC, which the company noted had materially impacted its earlier performance.
