Delegat downgrades profit guidance on US tariff uncertainty

Delegat's Oyster Bay brand remains a market leader in the US. (Image: Delegats)

Mon, 28 Apr 2025

Wine company Delegat Group is expecting a 5% fall in global wine sales after the Trump administration imposed a 10% tariff on United States imports.The group has downgraded its net profit guidance for the year ending June 2025 to between $47 million and $50m, from the previous guidance range of $55m to $60m.It is forecasting case sales of 3.18 million cases for the 2025 year, down 12% from last year and 5% from its previous guidance.Delegat said its trading performance for the nine months to March 2025 was in line with its forecast an...

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