2323 GMT - The strength of Collins Foods' balance sheet gives the Australian fast-food franchiser the capacity for acquisitions to drive benefits of scale, Macquarie analysts write in a note. Germany looks particularly interesting, they say, as the ASX-listed company is actively assessing bolt-on opportunities that could accelerate its growth there. Collins' debt stands at just 0.9x earnings and the company is still growing earnings, they add. Overall, the view at Macquarie is that Collins is executing well on cost management and top-line growth, although the outlook for Australian margins is uncertain. Macquarie lifts its target price 4.5% to A$11.70 and stays neutral on the stock. Shares are down 2.8% at A$10.89. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 02, 2025 18:24 ET (23:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.