Food Industry News: May 11 - Australia (5 stories)

Here is your Daily summary for Food & Beverage across Australia for Mon 11th May 2026

M. Dias Branco's Q1 2026 earnings fell short of expectations, leading to a notable drop in stock value, highlighting ongoing challenges in the competitive food sector. Meanwhile, Portillo's reported a decline in same-store sales and shrinking margins in Q4 2025, raising concerns about its growth trajectory. In contrast, El Pollo Loco saw its stock price target lifted to $18 by Benchmark, indicating investor confidence amidst market fluctuations.

On a positive note, SecondBite is ramping up its food rescue efforts, salvaging an additional five tonnes of produce weekly from Sydney Markets, a crucial move ahead of new food waste regulations. Lastly, George Weston Foods has acquired Abe’s Bagels, which dominates the bagel market with a 75% share in Australia and New Zealand, positioning the company for stronger growth in the baked goods sector.