Collins Foods FY20 Results Out, Stock Price Skyrockets ~18%

  • Jun 30, 2020 AEST
  • Team Kalkine

Collins Foods Limited (ASX:CKF) released its results for the 53-week FY20 period and witnessed continued robust earnings growth despite the COVID-19 pandemic-

  • Revenue reported to be A$981.7million up by 8.9%.
  • Underlying EBITDA in FY20 climbed by 6.3% to A$120.6 million
  • Underlying NPAT up by 5.1% to A$47.3 million

The Company has plans to continue growing its network in FY21 and is targeting 9-12 new restaurant builds in FY21 in Australia and 3-4 openings in Europe.

Moreover, CKF aims for 4-6 openings in the current financial year and is assured that Taco Bell shall be an additional growth engine for the Company in upcoming years.

On 30 June 2020, CKF quoted at A$9.680 soared by 15.789% at AEST 12:03 pM.


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