Buzz-Australia's Collins Foods slips as Citi flags competitive pressure from McDonald's
MCD•Analyst view and stock performance
** Seven of 12 analysts rate the stock "buy" or higher, five "hold"; their median PT is A$10.30, according to data compiled by LSEG
** Stock down 20%, YTD
Competitive pressure in KFC markets and beverages
** Brokerage said McDonald's may have taken chicken market share from KFC in Germany, noting Collins Foods reported negative European same-store sales trends in May and June
** McDonald's appears to have a head start in premium beverages after launching an expanded drinks platform in Germany in May and Australia in July, ahead of Collins Foods' planned national rollout of its KWENCH beverages platform through FY27 - Citi
** Brokerage views the beverage strategy as a potential competitive threat, given signs the new McDonald's range has boosted customer traffic, transaction values and sales
Collins Foods falls after Citi highlights McDonald's competitive momentum
** Shares of Australia's Collins Foods CKF.AX fall as much as 1.1% to A$8.290
** Citi says there are several reasons to remain cautious on "neutral"-rated CKF after McDonald's MCD.N quarterly results highlighted competitive momentum in Australia and Germany
** Both regions account for CKF's key KFC markets
