Business
Why the Collins Foods (ASX:CKF) share price just hit a record high
The Collins Foods Ltd (ASX: CKF) share price has been a strong performer again on Friday.
At one stage today, the quick service restaurant operator’s shares were up over 2% to a record high of $11.32.
When the Collins Foods share price hit that level, it was up over 18% since the start of 2021.
Why is the Collins Foods share price at a record high?
Investors have been fighting to get hold of Collins Foods shares thanks to its strong performance during the pandemic.
This was evident in December when the company released its half year results and revealed strong sales and profit growth.
For the six months ended 31 December, Collins Foods reported an 11.3% increase in revenue to $499.6 million. Management revealed that this was…
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