TWE News: UPDATE 1-Treasury Wine Estates profit falls on lower US sales - 15th Aug 2023, 8:50am

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Aug 15 (Reuters) - Australia's Treasury Wine Estates reported a 3.3% fall in annual profit on Tuesday, mainly hurt by a decline in wine sales in the United States.

A decline in shipment of premium products and low availability of luxury wines pressured sales at the Treasury America segment, the largest contributor to the winemaker's revenue.

The Melbourne-headquartered company also said on Tuesday it had a...

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