Australia's Guzman Y Gomez rises on higher quarterly sales growth

Guzman y Gomez

08/04/2025 02:18

** Shares of Guzman Y Gomez GYG.AX rise as much as 4.9% to A$31.48, their biggest intraday pct gain since March 20

** The quick-service restaurant firm posts an 11.1% comparable sales growth in Australia for third quarter

** RBC Capital Markets' analyst notes comparable sales growth remains strong, supported by growing strength in breakfast and extended trading

** Co anticipates its maiden dividend will be payable in September 2025

** Average of eight analysts is "hold" rating; their median PT is A$41.15 – according to data compiled by LSEG

** Stock down 23% YTD vs a 9.3% drop in ASX 200 benchmark .AXJO

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))