PLAY PKN: Video News Bulletin 12 June
In the news this week: Amcor, Colgate-Palmolive, Kimberly-Clark, WWF, ReSource: Plastic, LJM Victoria, OZ Connect Traders, Apollo Bay Distillery, Woolworths.
Inghams has returned to volume growth with reduced dependence on Woolworths but net profit fell 61.5 per cent to $34.6 million as input cost inflation, first half production inefficiencies and a tax provision weighed on FY26 earnings.
Endeavour Group’s decision to reset shelf prices at Dan Murphy’s has restored sales momentum but taken a heavy toll on earnings, with annual profit down 87.8 per cent to $52 million for FY26 after $372 million in pre-tax significant items covering restructuring, asset writedowns and the exit from its winery portfolio.
Food and beverage businesses that delay adopting AI, precision agriculture, digital modelling and fermentation technologies risk being locked out of the commercial opportunities attached to the Brisbane 2032 Olympic and Paralympic Games, a new perspective paper from Australia’s Food and Beverage Accelerator (FaBA) says.
