2300 GMT - Collins Foods' first-half performance makes its annual margin guidance look conservative to its bulls at Goldman Sachs. Analysts Elijah Mayr and Elise Bailey point out that the fast-food franchiser's guidance for a full-year Ebitda margin of 14.2%-14.7% implies potential for a second-half contraction at the range midpoint. This looks unlikely to them, given deflation in food prices and an improving sales trajectory. They tell clients in a note that they forecast margin recovery into the 2025 calendar year. Goldman keeps a buy rating and A$10.00 target price on the stock, which is at A$8.25 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 03, 2024 18:01 ET (23:01 GMT)
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