Collins Foods, largest KFC franchisee in Australia, saw 6.6% revenue growth suggesting a shift from restaurants to fast food.
KFC's focus on value as consumers face higher costs showed success, retaining share amidst economic challenges.
Fast food outlets outperforming mid-tier restaurants due to economic downturn, with Australians opting for cheaper dining options.
Collins Foods' net profit surged to $76.7m, indicating a significant increase in revenue across its local and international operations.
#australian-dining-habits #economic-impact-on-food-industry #kfc-franchise-performance #consumer-spending-behavior #restaurant-industry-trends
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