Highlights

  • Consensus rating of Buy from 12 analysts: 7 Buy or equivalent, 5 Hold, 0 Sell or equivalent.
  • Mean price target of A$10.01 against a share price of A$8.23 on 8 October 2026, an implied upside of 21.6%.
  • Analyst targets range from A$8.00 to A$11.60.
  • Revenue rose 8.6% to a record $1,592.6 million, with growth in Australia and Europe.

Collins Foods (ASX:CKF) carries a consensus analyst rating of Buy. Of the 12 analyst recommendations recorded, 7 are Buy or equivalent, 5 are Hold and 0 are Sell or equivalent. The mean price target is A$10.01, with targets ranging from A$8.00 to A$11.60, against a current share price of A$8.23 (8 October 2026). Collins Foods Limited operates quick service restaurants, principally KFC restaurants in Australia and Europe, and has announced an exit from Taco Bell.

Company name

Collins Foods

Ticker

(ASX:CKF)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$8.23

Price date

8 October 2026

Number of analysts

12

Rating consensus

Buy

Consensus price target (mean)

A$10.01

Highest target

A$11.60

Lowest target

A$8.00

Implied upside/downside to mean target

Implied upside of 21.6%

Latest developments

Collins Foods (ASX:CKF) announced its FY26 results for the 53 week period ended 3 May 2026 on 30 June 2026. Revenue rose 8.6% to a record $1,592.6 million, with growth in Australia and Europe. Underlying EBITDA rose 6.3% to $244.5 million, underlying EBIT rose 10.1% to $130.7 million and underlying NPAT rose 13.0% to $61.4 million. Statutory NPAT rose 280.5% to $47.1 million, including $7.5 million of restaurant Impairment charges, a $1.1 million Reversal of impairment in Germany, a $1.4 million wage underpayment provision top-up and $7.3 million of class action settlement and related costs.

After-tax net Operating Cash Flow was $150.1 million, compared with $181.4 million. Net Debt fell to $119.6 million from $137.9 million and the Net Leverage Ratio fell to 0.77 from 0.93, following a refinancing of the debt facilities. The final Dividend is 15.0 cents per share, fully franked, and the total FY26 dividend is 28.0 cents, compared with 26.0 cents.

KFC Australia revenue rose 7.6% to a record $1,241.3 million. The company reported results from continuing operations excluding Taco Bell, with comparatives restated for the discontinued operation after announcing a negotiated exit from Taco Bell.

Sector context

The company reports persistent cost of living pressures in both Australia and Europe while growing same store sales through operational execution and new product launches. Quick service restaurant Earnings depend on consumer spending, labour and food costs, and network expansion.

Risks and what to watch

FY26 was a 53 week period compared with 52 weeks, which affects comparisons. Operating cash flow fell to $150.1 million from $181.4 million. Statutory NPAT includes impairments and a class action settlement. The company notes cost of living pressures, and the Taco Bell exit changes the group's earnings base.

Next milestones

Items to watch include payment of the 15.0 cent final dividend, same store sales trends in Australia and Germany, profitability in the Netherlands, completion of the Taco Bell exit, and the half-year result.