Collins Foods half-year financial performance

Collins Foods (ASX:CKF) announced its half-year results for the period ending 13 October 2024. The company reported a 1.2% increase in revenue to $703.5 million, despite economic challenges affecting consumer spending and inflation impacting margins. Net debt reduced significantly, and a fully franked interim dividend of 11.0 cents per share was declared.

Collins Foods strategic outlook and future plans

Collins Foods reported a slight rise in revenue, despite flat same-store sales and increased costs impacting margins. The company declared a fully franked interim dividend and reduced net debt due to strong cash generation. Looking ahead, Collins Foods expects continued challenges from a weaker consumer environment but plans to increase its restaurant count in Australia and the Netherlands. The company is focused on operational excellence and growth through store expansion and digital channel leveraging. CEO Xavier Simonet emphasized the importance of customer experience, innovation, and potential M&A activities as key drivers for future growth.

Executive insights on financial results

The results reflect our resilience amidst challenging economic conditions. We remain focused on operational excellence and growth through store network expansion and potential M&A activities.