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- Collins Foods has reported a statutory net profit after tax (NPAT) of AU$11 million for the half year ended 16 October 2022.
- The NPAT has fallen from the AU$26.4 million reported in the prior corresponding period.
- Revenue increased 15% to AU$614.3 million for the period.
The KFC and Taco Bell franchise in Australia, Collins Foods Limited (ASX:CKF), on 29 November 2022, announced its results for the half year ended 16 October 2022 (HY23). As per Collins, the given period witnessed the brand strength of KFC driving robust same-store sales (SSS) growth. This helped lessen a few aftereffects of the existing cost inflation.
Collins Foods, via today's release, also shared the financials for KFC Australia in particular. KFC Australia's revenue rose 10.6% to AU$479.6 million against AU$433.7 million IN HY22. The SSS growth was 5.1% against 0.1% in pcp.
The company stated its underlying EBITDA was AU$95.0 million compared to AU$94.3 million in HY22.
The company shared that strong growth in digital and delivery, along with e-commerce, accounted for over 22% of total sales in HY23, up from 16% in HY22.
The shares of Collins Foods have marked a loss of 18.72% in the last five days on the ASX. In the last month, the shares have fallen 12.23% and have shed 13.16% in the last six months on the ASX. The CKF shares lost 34.11% on the ASX during the previous year. However, looking at the broader picture, the shares have moved marginally up by 37.96% on the ASX (as of 12:34 PM AEDT, 29 November 2022).
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