Key Highlights

  • Cobram Estate Olives (ASX:CBO) was trading at A$3.44, down 4.97% or A$0.18, at 3:04 pm on 19 August 2026, according to the share-price data provided.
  • CBO reported a lower 2026 Australian olive harvest, with olive oil production declining to approximately 11.3 million litres from 14.2 million litres in 2025.
  • Breville Group (ASX:BRG) was trading at A$31.09, down 6.07% or A$2.01, at 3:14 pm on 19 August 2026, based on the supplied market data.
  • BRG reported record FY26 Revenue of A$1.81 billion, but gross Margin declined to 36.0% from 36.6%, while EBIT increased only 1.2% to A$207.0 million.

These ASX consumer stocks came under pressure on 19 August 2026, with Cobram Estate Olives (ASX:CBO) falling 4.97% to A$3.44 and Breville Group (ASX:BRG) declining 6.07% to A$31.09 at the time of writing. CBO’s decline follows a lower 2026 Australian olive harvest, while BRG’s FY26 results showed record revenue but continued margin pressure from tariffs and Manufacturing Diversification costs.

CBO shares decline ahead of FY26 results

Cobram Estate Olives (ASX:CBO) shares were trading at A$3.44 at 3:04 pm on 19 August 2026, down 4.97% or A$0.18 for the session. The decline comes ahead of the company's scheduled FY2026 results announcement on 28 August.

The company's 7 July Australian harvest update highlighted the impact of the natural biennial production cycle. CBO expected to mill more than 74,300 tonnes of olives during the 2026 harvest, compared with 80,000 tonnes in 2025, producing approximately 11.3 million litres of olive oil against 14.2 million litres a year earlier.

Production from CBO's own groves was expected at 10.6 million litres, down from 13.2 million litres in 2025. The company said 2026 was an "off-year" for most of its Australian olive groves, while oil content was 13.9% below the long-term average.

Despite the lower annual harvest, CBO said production from its own groves and third-party fruit contract processed and marketed by the company was 11.9% higher than the previous off-year in 2024. It also indicated that available Supply would be sufficient to support its packaged goods sales plan through the 2027 harvest.

California Olive Ranch remains a key focus

CBO's integration of California Olive Ranch (COR) was reported to be progressing, with the consolidation of the US Business units completed. The company expects initial annualised synergies of approximately US$12 million, with most already implemented and the remainder expected predominantly by the end of FY2027.

Longer-term annualised synergies are expected to reach US$20 million by FY2030 through improvements in olive oil yields, grove costs, corporate efficiencies and other operational areas.

However, the COR Acquisition also contains an unresolved purchase-price dispute. CBO has formally claimed an adjustment that could reduce the purchase price by up to US$31.9 million, while the sellers have disputed the claim. The final outcome remains uncertain. CBO is due to release its audited FY2026 results on 28 August 2026.

BRG falls despite record FY26 revenue

Breville Group (ASX:BRG) was trading at A$31.09 at 3:14 pm on 19 August 2026, down 6.07% or A$2.01, according to the supplied market data. The decline occurred after the company released its FY2026 results, which showed record revenue but comparatively modest Earnings growth.

BRG reported FY26 revenue of A$1.81 billion, up 6.7% from A$1.70 billion. Global segment revenue increased 9.7% on a constant-currency basis, while EBITDA rose 4.5% to A$284.1 million.

However, gross margin fell to 36.0% from 36.6%. EBIT increased only 1.2% to A$207.0 million, while NPAT rose 1.7% to A$138.1 million. The company attributed pressure on the full-year margin partly to net Tariff increases and costs associated with accelerated manufacturing diversification.

Manufacturing diversification shapes FY27 outlook

BRG said 85% of its 120-volt gross-profit product was sourced outside China by the end of FY26. The diversification program has been aimed at reducing exposure to tariffs and changing global supply-chain conditions.

The company reported that second-half gross margin improved to 36.8%, above the 35.4% recorded in the first half. Net cash also increased to A$104.4 million from A$48.5 million a year earlier.

Revenue growth remained broad-based. Coffee and Cooking recorded double-digit growth, while China, Korea, Mexico and the Middle East collectively grew by more than 70%. China revenue reached 7.1 times the level achieved under its previous distributor during its first full year of direct operation.

Conclusion

CBO and BRG entered 19 August under share-price pressure despite having different operating narratives. CBO is facing a lower Australian olive harvest during an expected off-year, alongside continued integration work at California Olive Ranch and an unresolved acquisition dispute. BRG, meanwhile, delivered record revenue and higher earnings but experienced margin pressure from tariffs and manufacturing transition costs. Both companies therefore enter the next reporting phase with positive operational developments alongside identifiable cost, supply-chain or execution considerations.