Collins Foods (ASX: CKF) focuses on store and geographical expansion to drive revenue growth

Mon 24 Jun 24, 04:51 AM | Team Kalkine

Image source: © Jetcityimage | Megapixl.com

Highlights

Collins Foods operates as a franchisee for KFC and Taco Bell in Australia, as well as a corporate franchisee for KFC in the Netherlands and Germany

In 1HFY24, the company saw 14.4% YoY increase in the revenue to AUD 609.4 million

Challenger Managed Investments Ltd has the highest stake in the firm with a shareholding of nearly 6.70%

Collins Foods Limited (ASX: CKF) is a restaurant operations company, which operates Taco Bell and KFC restaurants in the Netherlands, Germany and Australia. The company operates 280 restaurants in Australia, 16 in Germany, and 59 in the Netherlands.

In the first half of the financial year 2024 (1HFY24), the company reported a 14.4% rise in the revenue to AUD 609.4 million, underpinned by growth in sales at existing stores and the opening of new stores, despite inflationary pressure. Meanwhile, in 1HFY24, underlying EBITDA increased by 16.7% YoY to AUD 109.9 million and operating cash flow grew by 44% YoY to AUD 82.2 million.

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