Collins Foods reports stronger net profit due to increase of KFC stores

The company's Australian KFC network consists of over 220 sites.

Collins Foods has announced a 16% increase in full-year profit due to the addition of new stores to its large network of KFC stores.

The group - Australia's biggest KFC franchisee - reported their net profit rose to $32.5 million for the financial year ending on April 29, 2018, from $28 million a year earlier due to a 21.7% revenue jump to $770.9 million.

“We successfully completed the acquisition of 25 restaurants during the financial year while continuing to drive same-store sales growth across the network. Our integrations are progressing well, and our new restaurants have given the Group greater geographic diversity and scale advantages to continue driving earnings growth,” chief executive Graham Maxwell said in a statement.

Collins Foods now operates over 220 KFC stores in Australia.

Aside from its KFC franchises, Collins Foods also operates 14 Sizzler restaurants around the country as well as 73 Sizzlers stores across Asia.

It also operates one Taco Bell in Queensland, with plans to open more sites over the next 12 months.

Also Read

GYG eyes IPO in 2025 as it gets a $134.5m capital boost

Din Tai Fung fined $4m

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit