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# Treasury Wine Says Inflation Squeezing Demand, Shares Fall
- URL: https://bevnews.net/treasury-wine-says-inflation-squeezing-demand-shares-fall/
- Published: 2023-05-25T20:56:21.000Z
- Updated: 2023-05-25T20:56:21.000Z
- Author: Joel Whitaker
- Tags: Earnings

**Treasury Wine Estates** said inflation is squeezing demand for commercial-grade wine and driving up packaging costs. TWE's stock immediately fell 8%. Conditions for commercial wine are particularly tought in Australia and the UK, the company said, adding it was beginning a review of its domestic supply chain. 

"Wine is probably more of a luxury item rather than an essential. So, I think when consumers are feeling the cost of living crisis, they are going to be pulling back on certain items like wine," said **Josh Gilbert**, a market analyst at eToro, told **Reuters**. Reuters noted that winemakers peddling luxury wines were reporting higher profits. 

The company said Snoop Dog-endorsed **19 Crimes** "continues to perform below expectations. It also said it is prepared to dispose of some assets.