Shares soar despite profit slump at biggest KFC operator

Gen Z spending gives KFC operator Collins Foods hope

The company, which operates 288 of the 800 KFC outlets in Australia, says spending ticked up in the past eight weeks, prompting a share price jump.

Shares soar despite profit slump at biggest KFC operator

Shares in Collins Foods, the nation’s biggest KFC operator, have soared despite the company reporting a near-90 per cent slump in full-year profit as restaurant impairments drag results lower.

Collins Foods sees growth across Australia, Europe drags down performance

Collins Foods' revenue was up 2.1 per cent to $1.52 billion, up from $1.48 billion last year, with growth in Australia offset by its performance in Europe.

Profits after tax down -88%, and shares rocket – what's going on with Collins?

Collins Foods (ASX:CKF), which operates KFCs in Australia, has revealed its statutory profit after tax fell -88% to under $9 million – compared to $76M in FY24. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. But at the same time, the share price jumped over +25% to $9.12/sh in the first half hour of trades (albeit, on a volume of 543K share…