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KFC drives strong annual growth for Collins Foods

The Australian expansion of KFC and Taco Bell drove a 20.3 per cent increase in net profit to $39.1 million for Collins Foods Limited in fiscal 2019. The food retailer, which reported its full-year earnings on Tuesday, said revenue was up 16.9 per cent on last year, at $901.2 million, thanks to KFC’s strong growth in all states, with 3.7 per cent same-store sales growth. “Over the past 12 months we have consolidated our position as the largest KFC operator in Australia, with initiatives