Collins Foods tops losses on ASX 200 on disappointing HY results, outlook

Collins Foods

03/12/2024 24:22

** Shares of restaurant operator Collins Foods  CKF.AX  fall
as much as 7.8% to A$7.950, their lowest since Sept. 12
    ** Stock posts its biggest intraday pct fall since Aug. 22,
top loser on ASX 200 benchmark index  .AXJO 
    ** Co says HY NPAT from cont ops down 23.8% 
    ** Says HY underlying EBITDA from cont ops also down 6.6%
with margins impacted by flat same-store sales, inflationary
pressures
    ** Adds sales in first 7 weeks of H2 reflect continuation of
weaker consumer environment in Australia and Europe
    ** Sees FY25 group underlying EBITDA margins in the range of
14.2%-14.7% vs 15.4% posted last year
    ** As of last close, stock down 27.2% YTD


($1 = 1.5456 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com))