Clarification Regarding Yum! Brands Fourth Quarter Results
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| Stock | Collins Foods Ltd (CKF.ASX) |
|---|---|
| Release Time | 7 Feb 2025, 3:36 p.m. |
| Price Sensitive | Yes |
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Collins Foods Clarifies Yum! Brands Q4 Results
Key Points
- Certain Yum! Brands markets had a 53rd week in 2024 vs 52 weeks in 2023
- This impacted comparability for the year and last quarter
- KFC Australia sales growth includes New Zealand
Full Summary
Collins Foods Limited (ASX: CKF) has issued a clarification in response to Yum! Brands' fourth quarter result release on 6 February 2025. The announcement notes that certain markets within Yum! Brands' global network, including Australia, had a 53rd week in 2024 compared to 52 weeks in 2023, impacting comparability for both the year and the last quarter. Collins Foods also clarifies that the sales growth reported by Yum! Brands for KFC Australia includes New Zealand. The company has provided this clarification to ensure the market has a clear understanding of the reported results.