0134 GMT - Barrenjoey analyst Peter Marks wonders why Collins Foods thinks that it has a better chance of success in Germany than in the Netherlands, where the fast-food franchiser has written down the value of its business. Marks points out in a note to clients that the Australian company had previously championed the Netherlands as the key growth engine of its European segment. Instead, it has ceased its store roll-out and impaired some restaurants. Collins has teamed with KFC brand owner Yum! Brands to grow in Germany, but the only difference Marks can see between the countries is that Germany has a more lenient development approvals regime. Barrenjoey cuts its target price on the stock by 5.5% to A$8.50 and stays neutral. Shares are up 1% at A$8.08. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 15, 2025 21:35 ET (01:35 GMT)
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