Morningstar sees long-term benefits for Australia's Collins Foods

Collins Foods

25/06/2024 21:34

** Analysts at Morningstar expect Collins Foods'  CKF.AX 
margins will improve in the longer term as cost of living
pressure abates and menu prices catch up
    ** Brokerage retains fair value estimate of A$14.40/shr
    ** Morningstar says co's underlying EPS of A$0.51 for FY2024
missed estimates of A$0.55
    ** We think KFC Australia will keep defending its value
perception by keeping prices low in fiscal 2025 - brokerage
    ** Five of 10 analysts covering the stock rate "buy" or
higher, one rates "sell" and four rate "hold" - LSEG data
    ** Stock has fallen 15.5% YTD, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))