Brief: Collins Foods Says For KFC Australia, Cost Pressure Expected To Persist During Fy24
26/06/2023 23:46
June 27 (Reuters) - Collins Foods CKF.AX :
* FOR KFC AUSTRALIA, COST PRESSURE EXPECTED TO PERSIST
DURING FY24
WITH HIGHER ENERGY AND LABOUR COSTS
* TARGETING FY24 EBITDA FOR KFC AUSTRALIA TO BE BROADLY
MARGIN
NEUTRAL WITH IMPROVEMENT IN FY25 TOWARDS HISTORICAL LEVELS
Further company coverage: CKF.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Collins Foods
See all newsBrief: Collins Foods Completes German Restaurants Acquisition
Australia fast-food stocks in focus as Citi flags price hikes, demand risks
Citi sees downside risks for Aussie QSR chains on McD upswing; stocks down
Citi sees downside risks for Aussie quick-service chains on McDonald's upswing
Australia's Collins Foods climbs on progress toward Taco Bell partnership transition