Mexican fast-food chain Guzman Y Gomez set for 2025 profit ahead of forecast

Guzman y Gomez

20/02/2025 22:36

Feb 21 (Reuters) - Australia-listed Mexican-themed
fast-food chain Guzman y Gomez  GYG.AX  said on Friday its
first-half earnings nearly doubled, putting it firmly on track
to surpass its fiscal 2025 profit forecast provided before its
listing less than a year ago.
    Guzman y Gomez posted a post-tax profit of A$7.3 million
($4.67 million) for the six months ending December 31, nearly
doubling what it logged last year and slightly ahead of the
Visible Alpha consensus estimate of A$6.5 million.
    That solidly positions the quick service restaurant chain to
beat its forecast of A$6.0 million profit in fiscal 2025
provided before it debuted on the Australian stock exchange in
June last year.

($1 = 1.5637 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru; Editing by Alan
Barona)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))