The Collins Foods Ltd (ASX: CKF) share price has risen today on the back of the company releasing its FY19 Annual Report to the market this morning. CKF shares closed last week trading at $8.60, but opened this morning at $8.75 and are now trading at $8.80, a rise of 2.44%.
Here is a summary of what Collins reported for FY19:
- Revenue at $901.2 million – a rise of 16.9% year-on-year (YoY)
- Underlying EBITDA at $113.7 million – a rise of 20.3% YoY
- Net profits after tax at $45 million – increase of 15.7% YoY
- Net operating cashflow at $97.5 million – up 30.9% YoY
- Total dividend for FY19 at 19.5 cents per share (fully franked) – increase of 14.7% YoY
- Earnings per share at 33.57 cents – increase of 18.7%
Collins has four primary divisions – KFC Australia, KFC Europe, Sizzler and Taco Bell. Here are each division's result highlights.
KFC Australia
- Same-store sales growth of 3.7%
- Increase of restaurants by 5 to 231
- revenue growth of 15.8%
- Underlying EBITDA growth of 20.9%
KFC Europe
- Same-store sales growth of (-3.7%)
- Increase of restaurants by 4 to 37
- Revenue increased 35.2%
Sizzler
- Australian restaurants decreased by 2, leaving total number of Australian restaurants at 12
- Sizzler Australia revenue down by 8%
- Royalty revenue growth of 12.2% for Sizzler Asia
- Increase of Asian restaurants by 5 to 77
- Total revenue for Sizzler increased by 4.35%
Taco Bell
- Plans to add an additional 10 Taco Bell stores to the existing 4 by the end of FY20 (in Australia)
The company's primary focus remains "driving growth in the core KFC Australia business." It states that a key priority in FY20 is "the further expansion of the delivery network across Australia, while also continuing to strengthen operational systems and testing new digital initiatives."
