Brief: Guzman Y Gomez To Exit US Market And Close Chicago Restaurants Immediately

Guzman Y Gomez

22/05/2026 02:39

May 22 (Reuters) - Guzman Y Gomez Ltd GYG.AX:

UPDATE ON US STRATEGY AND AUSTRALIA SEGMENT GUIDANCE

TO EXIT US MARKET AND CLOSE CHICAGO RESTAURANTS IMMEDIATELY

EXPECTS AUSTRALIA SEGMENT UNDERLYING EBITDA OF A$85 MILLION IN FY26, UP 29% YEAR-ON-YEAR

EXPECTS ONE-OFF PL IMPACT OF US$30 MILLION-US$40 MILLION IN FY2026 FROM US EXIT

ON TRACK TO OPEN 32 RESTAURANTS IN AUSTRALIA THIS FINANCIAL YEAR

CASH COMPONENT OF US EXIT COSTS NOT EXPECTED TO EXCEED US$15 MILLION

AMENDS BLACKOUT PERIOD TO START AFTER ASX CLOSE ON 30 JUNE 2026; BUYBACK PROGRAM REMAINS ACTIVE

ONE-OFF ITEMS ARE NOT EXPECTED TO IMPACT GYG'S FINAL DIVIDEND FOR FY26

Further company coverage: GYG.AX

 ((Reuters.Briefs@thomsonreuters.com;))