Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM, With CKF now down around the $8 mark, does it represent a turnaround story worth a buy? Yield is around 3.3% and the trading update so far for 1H 25 is bearish. However, with inflation dropping and rate cuts coming, plus new store openings. is the outlook for 2H25 & FY26 brighter? Thanks Peter
Hi Peter,
Collin’s Foods (CKF) has endured a really tough 2024, its shares are down over 30% in a year when the markets advanced over 6%. As you say CKF‘s delivered a very disappointing result in August which saw the stock fall almost 13% on the day, with its panic COVID lows coming into view.
For the first 16 weeks of the FY25 KFC sales in Europe declined by 1.8% and Australia’s same-store sales were down 0.3% which doesn’t add confidence to our outlook for CKF over the coming 6-12 months although these numbers are built into the share price of ~$8. We’ve simply got the stock in the too hard basket until the operational news improves – much like our view on Dominos (DMP)
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