Citi says Yum Brand's quarterly results were incrementally positive for Collins Foods

Yum! Brands

Wed 24:19

** Citi says Yum!'s Q3 results were incrementally positive for fast-food chain operator Collins Foods CKF.AX, despite increasing macro challenges
 ** Brokerage says KFC in Australia, operated by CKF, has remained resilient in Q3, compared to Q2, with sales continuing to track 3%
** Shares of the Brisbane-headquartered firm down as much as 0.7% at A$9.08 per share
** 7 of 12 analysts rate the stock "buy" or higher and 5 "hold"; their median PT is A$10.50 – data compiled by LSEG
** YTD, stock down 12.1%, including the session's moves

(Reporting by Tejas Harish in Bengaluru)
((tejas.harish@thomsonreuters.com;))