Collins Foods reports 25.9% increase in NPAT for HY19
The fast food operator is looking to double the size of KFC's delivery operations.
Collins Foods, the operator of KFC and Taco Bell in Australia, reported a 25.9% increase in underlying net profit after tax to AU$21.9 million in the first half of FY19, compared to AU$17.4 in the same period last year.
Revenue is also up by 27.6% AU$411.0 million from AU$322.1 million whilst EBITDA also rose by 31.7% to AU$53.6 million. However, their net debt also gained an additional AU$75.2 million to AU$226.2 million.
Australia operations saw a 21.9% revenue increase while their Europe operations had a 2.5% same store sales growth. KFC Australia contributed most of the company's growth with revenues up by 21.9% to AUD$330 million.
Same store sales also grew by 3.1% and currently has 228 stores in the country. They also mentioned that its customer complaints have dropped by 20%.
KFC currently has 44 stores operating delivery and plans to double its size in the next six months.
As for Taco Bell, Collins also said that they will be launching two more stores in Queensland located in Cleveland and North Lake before 2018 ends.
Ten outlets are slated to open by 2019. Revenues from Sizzler Australia and Asia has declined by 7.6% from AUD$22.2 million from AUD$24.0 million last year, driven by the closure of two outlets during the period.
