Food & Drink News: Apr 29 - Australia (5 stories)

Wednesday, 29 Apr 2026 Daily Food & Beverage Australia

Here is your Daily summary for Food & Beverage across Australia for Wed 29th April 2026

Coca-Cola Europacific Partners reported robust growth in Q1 2026, signaling strong demand and effective strategies that could influence market dynamics. Meanwhile, Scandi Standard exceeded revenue expectations, driven by heightened chicken demand, highlighting a shift in consumer preferences towards poultry products.

In contrast, Nestlé faced challenges with a 5.7% decline in sales due to foreign exchange impacts and product recalls, raising concerns about its operational resilience. Additionally, Morgan Stanley has downgraded Smithfield Foods' stock price target, citing execution risks and a dim earnings outlook, which may reflect broader industry uncertainties.

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