Guzman y Gomez shares rocket on Q3 sales jump
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More news: Guzman y Gomez led gains on the ASX 200 after the fast food chain reported a stronger-than-expected 6.6% increase in Australian comparable sales for the third quarter.
GYG shares were up 17.7% to $17.89 at 12:50pm AEST, having slipped around 40% over the last 12 months.
RBC Capital Markets analyst Michael Toner said the result outstripped consensus forecasts of 5.13% for the second-half period.
What they said: “We anticipate today’s update will drive upgrades to [consensus] comp sales and group earnings forecasts for [Australia],” Toner said.
“To what extent this improved outcome was supported by GYG’s exclusivity agreement with Uber (taking effect on 22 Feb 2026) is unclear, but company commentary suggests this may have played a role. US comps remain soft with network sales growth primarily driven by store openings.”
Guzman y Gomez reaffirms FY26 guidance, posts 20% jump in Q3 network sales
The news: Fast food chain Guzman y Gomez has reaffirmed its full-year guidance after third-quarter network sales rose 19.5% year on year to $345.9 million.
The numbers: Year-on-year sales growth slowed from 23.6% in the prior corresponding period. Comparable sales growth in Australia was 6.6% for the quarter, compared to 11.1% a year earlier.
The company reaffirmed its updated guidance, with Australia segment underlying EBITDA expected to expand to 6-6.2% as a percentage of network sales in FY26, compared to 5.7% in FY25.
GYG confirmed it is on track to open 32 new restaurants in Australia in FY26, including 23 drive thrus.
The source: ASX
