Collins Foods (ASX:CKF) nosedives 17%; here's why

November 28, 2022 06:26 PM PST | By Khushboo Joshi

Collins Foods (ASX:CKF) nosedives 17%; here's why — Image source: © Imdan | Megapixl.com

Key takeaways from the half-year results shared by Collins Foods:

The company's revenue has risen 15% to AU$614.3 million against AU$534.2 million in HY22.
The statutory EBITDA has been reported to be AU$93.4 million as compared to HY22's AU$92.5 million.
Underlying EBITDA is up 0.5% to AU$95.4 million compared to AU$94.9 million in HY22.
Statutory NPAT declined to AU$11.0 million, compared to HY22's AU$26.4 million.
Underlying NPAT of the company has fallen 14.2% to AU$24.8 million. This was AU$28.9 million in HY22.
Collins posted a Net Operating cash flow of AU$69.1 million against AU$72.3 million in HY22.
As per Collins, net debt was reduced AU$6.5 million to AU$191.1million, and Net Leverage Ratio decreased to 1.31.
The company announced a fully franked interim dividend of 12.0 cents per ordinary share. The dividend value was the same in HY22.

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 share price performance of CKF on the ASX:

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).

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.