Food Industry News: Aug 28 - Australia (5 stories)

Friday, 28 Aug 2026 Daily Food & Beverage Australia

Here is your Daily summary for Food & Beverage across Australia for Fri 28th August 2026

Hormel's Q3 FY26 results reveal a decline in sales, yet margins have expanded, indicating a strategic portfolio reshaping that may take time to stabilize. Meanwhile, Pernod Ricard faces challenges with a 5.5% drop in H2 2026 sales, primarily due to weaknesses in the U.S. and China markets, raising concerns about future growth. In a positive development, Prime Drink Group has signed a letter of intent with Geloso for BDED, signaling potential expansion. Australian Vintage is also pivoting towards innovation and acquisitions to revitalize its brands and drive growth.

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