Australia's KFC operator Collins Foods slips; Citi sees downside risks to same-store sales growth

Collins Foods

23/05/2025 06:30

** Shares of Collins Foods CKF.AX fall 1.9% to A$7.91, lowest since April 15

** Citi says results from peer Restaurant Brands New Zealand RBD.NZ show that recovery in the ANZ consumer market may take longer than anticipated

** Restaurant Brands New Zealand at its AGM on Friday said it expects recovery in Australia to "remain gradual"

** Citi therefore sees downside risk to market consensus around same-store-sales growth for Collins Food's KFC Australia business

** Brokerage has a "buy" rating on CKF and A$9.60 PT

** Stock up 9% YTD, including current session's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))