Collins Foods Ltd
CKF: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$29.10 | Mkfd | Bvykkkw |
Collins Foods: Margin Recovery Taking Longer Than Expected
We lower our fair value estimate for no-moat Collins Foods by 6% to AUD 13.50 on a weak trading update. In the first 16 weeks of fiscal 2025, same-store sales in the core KFC Australia segment are essentially flat on the previous corresponding period, or PCP. Top-line growth of 3% for the segment was supported by the rollout of new stores.