Interpret "discretionary spending" anyway you like but at the end of the day this company is cheap, damn cheap in a major growth phase imho...
On 23 March 2017, Collins Foods also provided a trading update for the 20 weeks to 5 March 2017. The unaudited results showed continued underlying EBITDA1 growth. Revenue was up 12.3% to $247.2 million for the period with underlying EBITDA1 up 5.4% to $30.7 million (on a statutory basis, EBITDA declined 5.5% to $29.0m). The NSW/VIC acquisition made in 2016 has been integrated and is performing in-line with expectations. The German acquisition was completed in December 2016 and the integration is progressing well with 2 new restaurants to open by July 2017
CKF Price at posting:
$5.10 Sentiment: Buy Disclosure: Held
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