BUZZ-Australian Vintage hits all-time low on downbeat forecast

Reuters

05-23

BUZZ-Australian Vintage hits all-time low on downbeat forecast

** Shares of Australian Vintage AVG.AX fall 11.6% to A$0.076, a record low

** Stock on track for weakest trading session since early April if losses hold

** Winemaker expects a 3% decline in sales in fiscal year 2025

** Estimates single-digit growth and significant inventory reduction in fiscal year 2026

** Trading volume at around 2.3 million shares, 5x the 30-day average

** Stock down 45.4% YTD, including current session's move

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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