2347 GMT - Collins Foods is likely to report improving same-store sales momentum for its Australian KFC stores, Goldman Sachs analysts say. The Australian fast-food franchiser is scheduled to report its first-half results next month, and the GS analysts reckon that momentum will have improved from the 0.1% growth seen over the eight weeks to Aug. 18. Improved delivery and promotion-linked volumes will be the drivers, they tell clients in a note. GS expects A$102 million in first-half Ebitda at a 14.4% margin, in-line with company guidance of 14.2%-14.5%. GS reiterates its buy rating and keeps a A$10.00 target price on the stock. Shares are up 0.3% at A$8.525. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 18, 2024 18:47 ET (23:47 GMT)
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