0057 GMT - Collins Foods' sales growth has picked up but is still lagging expectations for the fast-food franchiser's fiscal 2H, RBC analyst Michael Toner notes. The 3.9% sales growth at its KFC Australia restaurants is an improvement on the 2.7% seen across its fiscal 1H, but Toner points out that the average analyst forecast for the 2H is 4.1%.He writes in a note to clients that KFC Australia is holding up well in a challenging trading environment. Toner adds that Europe is the main drag on overall performance, with 1H revenue falling 11% short of his forecast. RBC has a sector-perform rating and A$9.00 target price on Collins shares, which are down 3.5% at A$8.315. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 02, 2024 19:57 ET (00:57 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。