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AAP
AAP
Derek Rose

KFC franchisee takes hit as costs eat into profit

KFC Collins Foods Taco Bell Collins
KFC and Taco Bell franchisee Collins Food announced earnings were down this quarter. (Russell Freeman/AAP PHOTOS)

Rising costs and flat sales have left KFC and Taco Bell franchisee Collins Foods taking a hit to its underlying profit.

The company announced on Tuesday it made $23.7 million in underlying net profit from continuing operations in the half-year to October 13, down 24 per cent from $31.2 million the year before.

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