EDV, TWE, AVG: How have these ASX wine shares fared on YTD basis?

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EDV, TWE, AVG: How have these ASX wine shares fared on YTD basis?

 EDV, TWE, AVG: How have these ASX wine shares fared on YTD basis?
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Highlights

  • Australia is one of the major wine producers globally.

  • Wine exports account for just over 1% of the country’s total exports.

  • Australian wine producers export their products primarily to China, the US, and the UK.

Australia is globally known for its wine, beer, and other spirits. Wine exports account for just over 1% of the country’s total exports. Nearly 60% of all wine produced in Australia is exported. The Australian wine producers export their products primarily to China, the US, and the UK.

On this note, let’s discuss how these three ASX-listed wine stocks have performed on a year-to-date (YTD) basis.

Endeavour Group Ltd (ASX:EDV)

Endeavour Group Ltd is an Australian alcoholic drinks retailer, hotel operator, and poker machine operator. It was spun off from Woolworths Group in 2021.

Shares of Endeavour have gained over 7% on a year-to-date (YTD) basis.

In its latest investor day presentation, Endeavour Group said that it saw growth opportunities in the range of AU$120 million to AU$230 million in FY23 alongside a targeted capital expenditure (CAPEX) plan of AU$200 million to AU$260 million for the year. The company is also targeting 20 to 30 additional retail stores.

Treasury Wine Estates Ltd (ASX:TWE)

Treasury Wine Estates is focused on sourcing and grape growing, wine production and marketing, and selling and distribution. Australia and New Zealand, Asia, Europe, and the Americas are the major countries where the company operates.

Shares of Treasury Wine Estates have fallen over 12% on a YTD basis.

For the six months ended 31 December 2022, Treasury Wine reported a 10.1% fall in revenue to AU$1,267 million. Almost all its segments reported muted sales – Penfolds reported a 16.3% fall in revenue to AU$382.7 million; Treasury Americas posted an 8.5% decline in revenue to AU$465.9 million; and Premium Brands’ revenue plunged 5.6% to AU$418.4 million.

Australian Vintage Ltd (ASX:AVG)

Australian Vintage’s brand portfolio includes Miranda, Nepenthe, Tempus Two, Passion Pop and Mcguigan Wines. Its offerings encompass vineyard management, contract processing & packaging, bulk wine production, packaging, and supply. 

Australian Vintage shares have fallen over 24% on a YTD basis.

Australian Vintage was among the few Australian wine companies which were largely unscathed from China’s tariff hike move as its direct exposure to the country was only 1% of all sales.

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