J P M O R G A N North America Credit Research 06 July 2026 HG & HY Food/Bev, Food Service & Restaurants Rolling earnings recap & 2H preview We hope you caught our HG & HY Consumer, Food/Bev, and Retail Mid-Year Outlook last week (replay and slides). Here we drill down to Food, Bev, Foodservice & Restaurants with our 1Q26 earnings takeaways and 2Q/2H outlook. The 1Q26 earnings season was better-than-feared for most Food, Beverage, Foodservice & Restaurants, yet company commentary was more nuanced than the nu ...