** Citi expects downside risks to Australian quick-service restaurants Collins Foods CKF.AX, Guzman y Gomez GYG.AX and Domino's Pizza Enterprises DMP.AX following McDonald's MCD.N Q1 results

** Citi notes McDonald's results show its resurgence in Australia is continuing, with a second straight quarter of mid-to-high single-digit comparable growth and third consecutive quarter of market share gains

** However, brokerage flags McDonald's experienced a deterioration in sales momentum in international markets, as well as negative comparable sales in April

** This suggests that pressure on the QSR consumer is building - Citi

** Brokerage also notes that in response to increasing pressure on Aussie QSR customers, McD is focused on a refreshed value meal strategy while GYG is eyeing fewer menu price increases,

** Adds CKF is expanding into new platforms and geographies, and DMP is bringing back some level of promotions

** YTD, CKF, GYG and DMP down 20.6%, 14.6% and 23.4%, respectively, as of last close