Guzman y Gomez shares plunge as US result misses estimates
Make us a preferred source
Make us a preferred source on Google
More news: Guzman y Gomez led losses on the ASX 200 after its US business marginally missed estimates for the first-half period.
GYG shares were down 10.4% to $18.26 at 2:30pm AEDT, taking 12-month losses to nearly 60%.
EBITDA in GYG’s Australian business climbed 30% year on year to $41 million, topping consensus estimates by around 1%. However, an $8 million EBITDA loss in the US fell short of the $7 million loss expected by analysts.
Guzman y Gomez reports 45% jump in 1H profit, lifts dividend
The news: Mexican fast food chain Guzman y Gomez reported a 45% jump in first-half net profit to $10.6 million after opening 17 new stores in its global network during the period.
The numbers: The profit result topped market estimates of $9.2 million, according to Visible Alpha data.
Total sales increased 18% year on year to $681.8 million. The group opened 14 new restaurants in Australia, 1 in Singapore and 2 in the US, taking its global network to 272 by the end of December.
GYG expects to open a total of 32 restaurants in Australia in FY26. The company said a “robust Australian real estate pipeline” is support for its future network expansion, with 108 restaurants, including more than 85% drive-throughs, in the pipeline with commercial terms agreed.
GYG declared an interim dividend of 7.4 cents per share, above estimates of 6 cents per share.
The source: ASX
