Collins Foods hit by Sizzler writedown



Collins Foods has suffered a $10 million loss following a more than $37 million writedown to its Sizzler brand.

The company, which also owns more than 170 KFC restaurants in Australia, made a $10.4 million loss for the year to March 3, compared to a $14 million profit a year ago.

The result was weighed down by a $37.5 writedown to the goodwill of its Sizzler brand.

But revenue was up almost 30 per cent and underlying profit, which excludes the writedown, was up 37 per cent to $24.6 million.



Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

As FY19 draws to a close, how would you describe your company's full-year results??


.@Wesfarmers to purchase @catch_au for $230 million, with @Kmart_Australia and @Targetaus to benefit from the marke…

2 weeks ago

Australian brand house #Gazal acquired by @PVHcorp in order to have greater control over its brands, such as…

3 weeks ago

Two thirds of Aussies are looking for discounts online says @PayPalAU, while retailers seek to slow price markdowns…

1 month ago

FREE NEWS BRIEFS Get breaking news delivered