Latest Consumer Staples News

SPC Global has finalised its $100 million entitlement offer, allocating most shortfall shares to sub-underwriters and positioning the company to reduce debt and support growth.

Me Today Limited’s China partner has increased its ownership in the Me Today China trademark to 40% after hitting key revenue targets, reflecting growing traction in the Chinese sports nutrition market.

Treasury Wine Estates (ASX:TWE) unveils its Ascent transformation, targeting $100 million annual savings, portfolio focus on Power Brands, and a leaner supply chain to lift margins and reduce leverage by FY28.

Maggie Beer Holdings has received a non-binding indicative offer to sell its Hampers and Gifts Australia business for $10 million, including an $8 million upfront payment and up to $2 million contingent on future performance. The deal excludes its core Maggie Beer Products division and awaits due diligence and shareholder approval.

OMG Group's net sales hit approximately $6.2 million on a moving annual total basis, marking a 57% increase year-on-year, driven by ecommerce growth and key international distribution deals.

The a2 Milk Company (ASX:A2M) has denied any undisclosed material information following a sharp share price drop and increased trading volumes, attributing market moves to a recent analyst downgrade citing supply chain uncertainties.

a2 Milk confirms no undisclosed information behind recent share price moves, attributing volatility to a CLSA downgrade citing supply delays and previously disclosed risks.

Bubs Australia expects FY26 revenue between $105 million and $115 million, with underlying EBITDA forecast at $4 million to $8 million despite external challenges including regulatory delays and increased air freight costs.

Fonterra’s FY26 Q3 results show a $1.8 billion operating profit, up $103 million year-on-year, prompting an uplift and narrowing of earnings guidance. The co-op also announced a stable 2026/27 Farmgate Milk Price forecast amid rising milk collections and ongoing geopolitical risks.

Australian Vintage Limited has locked in a $128 million refinancing deal extending to 2029 and reported a significant cash flow turnaround in FY26, driven by innovation and strategic acquisitions.

New Zealand King Salmon (NZK) reversed prior losses with a $13.8 million net profit in 1HY26, upgrading its full-year earnings outlook and advancing key growth infrastructure.

Pure Foods Tasmania appoints Robert Knight as CEO and Managing Director, aligning leadership with shareholder interests amid ongoing growth and turnaround efforts.