Australia's Guzman y Gomez extends losses after lacklustre US sales

Guzman y Gomez

24/02/2025 01:13

** Shares of Australia-listed Mexican fast-food chain Guzman
y Gomez  GYG.AX  fall 7.3% to A$35.76, their lowest levels since
November 8 
    ** GYG set to mark its third consecutive session of losses,
if current trend holds 
    ** Stock has lost roughly A$960 million ($611.81 million) in
market value over past three days
    ** GYG stock among top losers in the ASX200 benchmark index
 .AXJO 
    ** GYG on Friday reported 1H25 underlying earnings below
market estimates and flagged declining sales at its U.S. outlets
    ** Morningstar says do not expect U.S. stores to turn a
meaningful profit in its 10-year forecast period
    ** Brokerage forecasts weaker 2H25 EBITDA margins
    ** GYG down 11.4% this year, including the day's move

   ($1 = 1.5691 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))