The Treasury Wine Estates Ltd (ASX: TWE) share price is slipping today.

Shares in the S&P/ASX 200 Index (ASX: XJO) global wine company closed on Friday trading for $5.24. In morning trade on Monday, shares are swapping hands for $5.15 apiece, down 1.7%.

For some context, the ASX 200 is up 0.3% at this same time.

This follows the release of Treasury Wine’s half-year results (H1 FY2026).

Here’s what’s happening.

Treasury Wine share price slides on tumbling profits

Investors had been bracing for some tough figures from the wine company for the six-month period. As well they should.

Treasury Wine reported net sales revenue of $1.3 billion in H1 FY 2026, down 16% year on year.

And while earnings came within…