Treasury Wine Estates Ltd's stock price soared 10.44% during intraday trading on Thursday, following the release of the company's positive earnings outlook.

The company projected fiscal year 2026 earnings before interest, tax, material items, and self-generating and regenerating assets (EBITS) to reach between AU$480 million and AU$490 million. Furthermore, Treasury Wine Estates expects fiscal year 2027 performance to be at least in line with the prior year, citing continued progress in normalizing customer inventory levels across key markets including China and the United States.

The firm also indicated that its leverage is expected to peak at around 2.9 times in fiscal year 2026 before easing back to target levels by the end of fiscal year 2028, driven by free cash flow, divestment proceeds, and earnings improvement.