Australia's Collins tops ASX 200 as FY results beat estimates

Collins Foods

27/06/2023 01:58

** Shares of Australian fast food chain operator Collins Food
 CKF.AX  rise as much as 10.2% to A$8.660, their biggest
intra-day pct gain since June 2022 
    ** Stock is the biggest pct gainer on the benchmark S&P/ASX
200 index  .AXJO  
    ** Co posts FY underlying net profit after tax of A$57.9
million ($38.69 million), compared with UBS' estimate of A$54.4
million
    ** Says FY revenue from continuing operations up 14.2% to
$1,349.5 million vs last year, with growth across all units 
    ** Co also appoints Andre Leyden as its new chief financial
officer 
    ** Says in the first seven weeks of FY24 all business units
reported a positive same-store sales growth
    ** Analysts at UBS summarise CKF's performance as "strong
and top line"
    ** Says cost inflation impacting CFK's margins, but FY
performance still a beat and within the guidance provided by co 
    ** Stock up 9.3% this year as of last close



($1 = 1.4966 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))