Restaurant Industry: Feb 22 - Australia (5 stories)

Sunday, 22 Feb 2026 Daily Food & Beverage Australia

Here is your Daily summary for Food & Beverage across Australia for Sun 22nd February 2026

Appetise has successfully raised $7 million to enhance its meal planning app, now offered for free, while monetizing consumer grocery behavior insights for major brands like Heinz. This pivot not only broadens its user base but also positions the company as a valuable data provider in the food industry.

In contrast, General Mills and Kerry Group are facing challenges, with both companies adjusting their financial forecasts due to weak consumer sentiment. General Mills has cut its fiscal 2026 outlook, while Kerry Group's shares dropped 5% after missing EBITDA targets and lowering its earnings per share projections.

On a positive note, Coles Bakery has been recognized for having the best supermarket bread in Australia, as determined by a survey of over 2,000 consumers. This accolade highlights the brand's commitment to quality and could enhance its market position amidst stiff competition.

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