CKF +12.62%: The fast food operator was strong today following their half yearly results underpinned by strong demand for the dirty bird (KFC) in Europe. Collectively, revenue was +8.5% higher at $534.2m and that saw EBITDA rise by 13% to $94.9m. KFC in Australia was solid with sales of $534m however it was Europe that saw most growth albeit coming off a low base, with sales up more than 30% to ~$85m.
MM is neutral CKF around $14
Add To Hit List
