Collins Foods, a major franchisee of KFC and Taco Bell in Australia and Europe, reported strong FY24 results.
Revenue rose 10.4% to $1.49 billion, and net profit from continuing operations surged 393.3% to $55.6 million, with attributable net profit increasing 501.9% to $76.7 million.
The growth was fueled by expanding the restaurant network and improving efficiencies.
The company’s board declared a final dividend of 15.5 cents per share, bringing the total dividend for FY24 to 28 cents per share, up from 27 cents per share in FY23.
Kevin Perkins, interim managing director and CEO, highlighted record revenue driven by new restaurant additions and strategic investments.