Brief: Collins Foods Declares Fully Franked Final Dividend Of 15.5 AU CPS

Collins Foods

25/06/2024 02:03

June 25 (Reuters) - Collins Foods Ltd  CKF.AX :
    * FULLY FRANKED FINAL DIVIDEND OF 15.5 AU CENTS PER ORDINARY
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DECLARED
    * SALES IN FIRST 7 WEEKS OF FY25 REFLECTED CONTINUATION OF
WEAKER
CONSUMER ENVIRONMENT IN AUSTRALIA AND EUROPE
    * CONTINUING TO GROW KFC NETWORK WITH AUSTRALIAN EXPANSION
IN FY25
EXPECTED TO BE A LITTLE AHEAD OF DEVELOPMENT AGREEMENT
COMMITMENT
    * SALES IN FIRST 7 WEEKS OF FY25 ALSO REFLECTED LAPPING OF
STRONG
GROWTH IN PRIOR YEAR
    * COST-OF-LIVING & INFLATIONARY PRESSURES EXPECTED TO REMAIN
FOR
MUCH OF YEAR AHEAD,  IMPACTING SALES GROWTH
    * EXPECT MARGIN PRESSURE ACROSS GROUP FOR YEAR AHEAD
    * EXPLORING AND EVALUATING M&A OPPORTUNITIES FOR KFC IN
EXISTING
MARKETS AS WELL AS COMPLEMENTARY NEW GEOGRAPHIES
    * CONFLICT IN MIDDLE EAST HAS CONTINUED TO IMPACT SALES,
PARTICULARLY IN NETHERLANDS

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