CEO musical chairs
There’s been CEO changes revealed at two mid-tier ASX companies, with a surprising common factor.
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Collins Foods Limited
Collins Foods is a KFC franchisee in Australia and Europe, a Taco Bell franchisee in Australia as well as the owner of Sizzler restaurants in Australia and the franchisor for Sizzler in Asia.
Collins Foods operates from Brisbane, Queensland, Australia.
We currently operate 240 KFC restaurants throughout Australia – Queensland (149); New South Wales (11); Victoria (4); South Australia (8); Tasmania (14); Western Australia (49); and Northern Territory (5).
As well as Australia, Collins Foods owns KFC stores in Germany (18) and the Netherlands (23).
Collins Foods also operates 11 Taco Bell restaurants – 9 in Queensland (Annerley, Robina, North Lakes, Cleveland, Southport, Logan Central, Currajong, East Ipswich and Keperra) and 2 in Victoria (South Yarra and Hawthorn) as well as 10 Sizzler company owned restaurants in Australia – Queensland (6); New South Wales (1); and Western Australia (3). In addition, the Company has 76 franchised Sizzler restaurants around Asia.
We seek continuous improvement in all areas of our operation and work towards the following company missio
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News
Collins Foods sees strong 2023-24 performance
Shares in the fast food chain operator Collins Foods (ASX:CKF) jumped 10% to $10.30 on Tuesday after the company lifted its dividend following a very solid revenue and earnings performance in its 2023-24 financial year.
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Collins Foods shareholders get dividend increase
Shareholders in fast-food group Collins Foods (ASX:CKF) will receive an increase of half a cent in their interim dividend, bringing it to 12.5 cents per share.
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KFC chain Collins Food surges despite inflation concerns
Shares in KFC chain Collins Foods (ASX:CKF) surged on Tuesday following an impressive start to the 2023-24 financial year, despite concerns over rising inflation costs.
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Collins Foods Not So Fast for the Moment
The boom in fast food sales has faded as the lockdowns have vanished, with the fall in consumer spending hurting Tuesday’s interim report from Collins Foods.
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Collins Foods Feathering the Nest Nicely
In a case of life imitating art, KFC owner Collins Foods took plenty of investor money in Tuesday’s ASX session, jumping more than 10% after a strong 2021-22 annual result.
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CKF – UBS rates the stock as Neutral
Neutral retained. Target is reduced to $9.15 from $14.10.
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Fast Food Apparently a Staple in Lockdown
The recent lockdowns clearly boosted the Sep half-year performance of Collins Foods, the parent company of KFC and Taco Bell in Australia, in turn helping the company's shares jump 12%.
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Plenty of Takeaways from Collins Result
Thanks to Covid, fast-food giant Collins Foods turned in a better-than-expected full-year result with revenue topping the billion-dollar level for the first time.
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Taco Bell, KFC Deliver For Collins Foods
KFC and Taco Bell chains operator, Collins Foods has seen its shares jump after it released results that confirmed it had ridden the COVID-19 takeaway boom in the six months to October 18.
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