Restaurant Industry: May 13 - Australia (5 stories)

Wednesday, 13 May 2026 Daily Food & Beverage Australia

Here is your Daily summary for Food & Beverage across Australia for Wed 13th May 2026

Bloomin' Brands is showing promising signs of recovery, with its Q1 2026 results indicating a successful turnaround strategy. This is significant as it reflects resilience in a challenging market, potentially boosting investor confidence. Meanwhile, the 2026 James Beard Award nominations spotlight Australian talent, with chefs Helen Goh and Patti Chimkire recognized, highlighting the country's growing influence in the culinary world. In contrast, M. Dias Branco reported disappointing Q1 earnings, leading to a stock decline, while Portillo's faced margin pressures and falling same-store sales. Conversely, El Pollo Loco's stock target was raised to $18, suggesting optimism for its future performance.

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