Sizzler Fizzles But KFC Delivers For Collins Food
Judging by the full year results for Collins Food, the fast food sector seems to be a small spot of light - food delivery that is.
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News
Collins Foods Hopes Third Time Lucky For Taco Bell
Brisbane-based Collins Foods plans to open at least 50 Taco Bell stores after the success of its first outlet in the Brisbane suburb of Annerley.
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KFC Fuels Collins Foods Earnings
Shares in KFC and Sizzler restaurants operator Collins Foods continued to rise yesterday in the wake of Wednesday’s interim earnings release.
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Collins Foods returned to solid profits
Restaurant operator Collins Foods returned to solid profits in the year to May 1 as its KFC chain of fast food outlets lifted their performance.
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KFC Bulks Up Collins Foods’ Profit
Collins Foods (CKF) boosted interim profit and dividend after a better than expected result from its KFC fast food franchises offset another weak effort from its fading Sizzler stores.
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Analyst Views
CKF – UBS rates the stock as Buy
The broker describes Collins Foods' full-year result as solid, driven by continued acceleration in KFC Australia sales growth and strong cash conversion. Delivery is becoming an important growth driver and 20 more KFC outlets were added to aggregator platforms in the second half.
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CKF – UBS rates the stock as Buy
First-half results beat UBS estimates and KFC Australia impressed with operating earnings growth of 24%, supported by 14% growth in stores. An unusually hot summer in Europe affected sales, down -2.5%.
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CKF – UBS rates the stock as Buy
First half results were in line with UBS estimates, although Europe was behind. The broker envisages solid growth opportunities from the company’s expansion strategy.
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CKF – UBS rates the stock as Neutral
First half results beat UBS estimates by 10%. The broker acknowledges it underestimated the potential cost containment within KFC, and Sizzler also surprised on the upside.
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CKF – Deutsche Bank rates the stock as Buy
The company has acquired 11 KFC stores in Germany. Deutsche Bank considers this to be minor positive given the accretive nature of the deal and potential for further opportunities in a new growth market.
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