Australia's KFC operator Collins Foods slips; Citi sees downside risks to same-store sales growth
ReutersMay 23, 2025 5:30 AM
Shares of Collins Foods CKF.AX fall 1.9% to A$7.91, lowest since April 15
Citi says results from peer Restaurant Brands New Zealand RBD.NZ show that recovery in the ANZ consumer market may take longer than anticipated
Restaurant Brands New Zealand at its AGM on Friday said it expects recovery in Australia to "remain gradual"
Citi therefore sees downside risk to market consensus around same-store-sales growth for Collins Food's KFC Australia business
Brokerage has a "buy" rating on CKF and A$9.60 PT
Stock up 9% YTD, including current session's moves
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