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KFC Australia operator Collins Foods bracing for lower profit margins amid slumping fried chicken sales


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KFC Australia operator Collins Foods bracing for lower profit margins amid slumping fried chicken sales

The KFC fast-food chain operator is expecting lower profit margins for the first-half as higher living costs dampen demand for fried chicken.

While total sales rose 1.1 per cent in the first 16 weeks of the new financial year, Collins Foods on Thursday said the profit gains on higher sales were more than offset by the impact of persistent inflation on cost of sales, labour and energy.



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