Food Business Update: Jul 23 - Australia (5 stories)

Thursday, 23 Jul 2026 Daily Food & Beverage Australia

Here is your Daily summary for Food & Beverage across Australia for Thu 23rd July 2026

Greencore has seen its shares rise over 11% following a profit upgrade and strong volume growth in Q3, reflecting robust demand in the food sector. This positive momentum underscores the company's resilience amid market fluctuations. Meanwhile, the closure of Melbourne's Two Franks cafe has sparked concern among local hospitality operators, highlighting the ongoing challenges faced by the industry as costs rise and consumer habits shift.

In a strategic move, Kraft Heinz has partnered with Disney to enhance dining experiences across North America, aiming to attract families with innovative menu offerings. Additionally, a growing trend reveals that 40% of consumers are seeking nostalgic comfort foods, indicating a shift towards emotional connections with food as people reminisce about their childhood.

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