Collins Foods Keeps Bull Despite European Softness

Dow Jones

Jul 01

0139 GMT - Australian fast-food franchiser Collins Foods keeps its bull at Bell Potter despite a disappointing performance by its European business. Analyst Leo Armati tells clients in a note that a fall in sales since Collins's fiscal year ended on May 3 reflects the impact of the Middle East conflict, lower consumer confidence due to fuel prices, and the comparison with a strong prior period. "We do not view the first-eight weeks of trading as reflective of the underlying business," he writes. The resilience of Collins' KFC Australia revenues prompts Armati to raise his revenues forecasts for the next three years by between 3% and 6%. Bell Potter keeps a buy rating on the stock and raises its target price by 2.8% to 11.10 Australian dollars. Shares are down 2.8% at A$7.92. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 30, 2026 21:39 ET (01:39 GMT)

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Analyst Leo Armati tells clients in a note that a fall in sales since Collins's fiscal year ended on May 3 reflects the impact of the Middle East conflict, lower consumer confidence due to fuel prices, and the comparison with a strong prior period. \"We do not view the first-eight weeks of trading as reflective of the underlying business,\" he writes. The resilience of Collins' KFC Australia revenues prompts Armati to raise his revenues forecasts for the next three years by between 3% and 6%. Bell Potter keeps a buy rating on the stock and raises its target price by 2.8% to 11.10 Australian dollars. Shares are down 2.8% at A$7.92. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 30, 2026 21:39 ET (01:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Collins Foods Keeps Bull Despite European Softness</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCollins Foods Keeps Bull Despite European Softness\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-01 09:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0139 GMT - Australian fast-food franchiser <a href=\"https://laohu8.com/S/CKF.AU\">Collins Foods</a> keeps its bull at Bell Potter despite a disappointing performance by its European business. Analyst Leo Armati tells clients in a note that a fall in sales since Collins's fiscal year ended on May 3 reflects the impact of the Middle East conflict, lower consumer confidence due to fuel prices, and the comparison with a strong prior period. \"We do not view the first-eight weeks of trading as reflective of the underlying business,\" he writes. The resilience of Collins' KFC Australia revenues prompts Armati to raise his revenues forecasts for the next three years by between 3% and 6%. Bell Potter keeps a buy rating on the stock and raises its target price by 2.8% to 11.10 Australian dollars. Shares are down 2.8% at A$7.92. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 30, 2026 21:39 ET (01:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EPV","symbol_name":"ProShares UltraShort MSCI Europe","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648659623","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648659623","pubTimestamp":1782869940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0139 GMT - Australian fast-food franchiser Collins Foods keeps its bull at Bell Potter despite a disappointing performance by its European business. Analyst Leo Armati tells clients in a note that a fall in sales since Collins's fiscal year ended on May 3 reflects the impact of the Middle East conflict, lower consumer confidence due to fuel prices, and the comparison with a strong prior period. \"We do not view the first-eight weeks of trading as reflective of the underlying business,\" he writes. The resilience of Collins' KFC Australia revenues prompts Armati to raise his revenues forecasts for the next three years by between 3% and 6%. Bell Potter keeps a buy rating on the stock and raises its target price by 2.8% to 11.10 Australian dollars. Shares are down 2.8% at A$7.92.  Dow Jones NewswiresJune 30, 2026 21:39 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"EPV":"ProShares UltraShort MSCI Europe","N32.SI":"利百"},"translate_title":"尽管欧洲疲软，柯林斯食品仍保持牛市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EPV":1.5,"N32.SI":1.5},"content_text":"0139 GMT - Australian fast-food franchiser Collins Foods keeps its bull at Bell Potter despite a disappointing performance by its European business. Analyst Leo Armati tells clients in a note that a fall in sales since Collins's fiscal year ended on May 3 reflects the impact of the Middle East conflict, lower consumer confidence due to fuel prices, and the comparison with a strong prior period. \"We do not view the first-eight weeks of trading as reflective of the underlying business,\" he writes. The resilience of Collins' KFC Australia revenues prompts Armati to raise his revenues forecasts for the next three years by between 3% and 6%. Bell Potter keeps a buy rating on the stock and raises its target price by 2.8% to 11.10 Australian dollars. Shares are down 2.8% at A$7.92. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 30, 2026 21:39 ET (01:39 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}