• Collins Foods Ltd (ASX:CKF) shares were trading 0.91% higher at $8.87 during the 23 October 2026 session.
  • FY26 results released on 30 June 2026 showed Revenue of $1,592.6 million and underlying EBIT of $130.7 million.
  • A fully franked final Dividend of 15.0 cents per share took the total FY26 dividend to 28.0 cents per share.

Shares in Collins Foods Ltd (ASX:CKF) were trading 0.91% higher at $8.87 during the Trading session on 23 October 2026. During the same session, the S&P/ASX 200 Consumer Discretionary index (XDJ) was up 1.77%, or 65.10 points, at 3,742.80 at 1:31 pm AEDT, the S&P/ASX 200 (XJO) was up 0.38% at 8,760.00 and the All Ordinaries was up 0.54% at 8,868.90. Collins Foods operates KFC restaurants in Australia and Europe. The company released its FY26 results on 30 June 2026, as outlined below.

Latest development: FY26 group results (30 June 2026)

For the 53 weeks ended 3 May 2026, Collins Foods reported revenue from continuing operations of $1,592.6 million, up 8.6%. Underlying EBITDA was $244.5 million, up 6.3%, underlying EBIT was $130.7 million, up 10.1%, and underlying NPAT was $61.4 million, up 13.0%. Statutory NPAT was $47.1 million, compared with $12.4 million in FY25, after restaurant Impairment charges of $7.5 million and class action settlement and related costs of $7.3 million.

After-tax Operating Cash Flow was $150.1 million, compared with $181.4 million in FY25. Net Debt was $119.6 million, down from $137.9 million, and the net Leverage Ratio was 0.77, compared with 0.93. The final dividend was 15.0 cents per share, fully franked, with a Record Date of 14 July 2026 and payment on 11 August 2026, bringing the total FY26 dividend to 28.0 cents per share, up from 26.0 cents.

Latest development: KFC Australia and KFC Europe

KFC Australia revenue rose 7.6% to $1,241.3 million, with same-store sales growth of 2.7% and underlying EBIT of $155.8 million, up 6.6%. Digital channels made up 43.2% of sales, up from 34.2%, and the company opened eight new restaurants, taking its footprint to 295. KFC Europe revenue rose 12.5% to $351.3 million, with underlying EBIT of $14.9 million, up 94.7%. Same-store sales in Germany were 3.7% higher, while the Netherlands recorded 0.0%. The company ended FY26 with 80 restaurants in Europe, and announced the Acquisition of eight restaurants in Munich.

Latest development: Taco Bell exit, wage remediation and early FY27 trading

Collins Foods announced it would exit Taco Bell, with 20 restaurants to be transferred to a joint venture between a Subsidiary of Yum! and Restaurant Brands Australia and seven restaurants to be closed. Taco Bell revenue fell 10.0% to $47.7 million. The company also increased its wage remediation provision to $17.3 million before tax, compared with $8.1 million in FY25, and referred to a class action settlement over 10-minute rest breaks that remains subject to court approval.

In the first eight weeks of FY27, KFC total sales rose 6.7% in Australia and 26.4% in Germany, including acquired Bavarian restaurants, while sales in the Netherlands were 5.2% lower. Same-store sales rose 4.0% in Australia, but fell 7.2% in Germany and 7.8% in the Netherlands.

About Collins Foods and what it does

Collins Foods is a Franchisee of KFC restaurants in Australia, Germany and the Netherlands. It operates restaurants under franchise agreements with Yum! Brands and earns revenue from restaurant sales, with its Australian network the largest part of the group. The company has a development target in Germany of 45 to 90 restaurants by FY30.

Risks and catalysts on watch

Items flagged in the release include cost-of-living pressures in Australia and Europe, avian influenza affecting poultry prices in Europe, labour inflation, the wage remediation and class action matters, and the negative same-store sales recorded in Germany and the Netherlands in the first eight weeks of FY27. Cash flow from operations was lower than in FY25.

Items that may attract attention include completion of the Taco Bell transfer, the Kwench beverage roll-out and breakfast trial in Australia, new restaurant openings and bolt-on acquisitions in Germany, and court approval of the class action settlement.

In summary

Collins Foods shares were higher on 23 October 2026 in line with the broader consumer discretionary index. The company's most recent update, released on 30 June 2026, covered higher revenue and underlying earnings, a larger dividend and the planned exit from Taco Bell. Further announcements will be released through the ASX.