Morningstar lifts Guzman y Gomez's FY27 same-store sales forecast after Q1 beat

Guzman y Gomez

11/10/2026 22:27

** Morningstar said Guzman y Gomez's GYG.AX first-quarter same-store sales growth of 7% exceeded its expectations, likely benefiting from extended trading hours at several stores
** Investment research firm raises its 2027 same-store sales growth forecast to 5% from 4%, but said the change was immaterial to its forecasts
** Morningstar warns that high fuel prices and RBA rate hikes pose risks to consumer spending and expects same-store sales growth to moderate over time, averaging 4% over the medium term
** Maintains its no-moat rating and A$17 fair value estimate and forecasts Guzman's Australian store network to expand to around 600 stores by fiscal 2036
** Stock up 23% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru; Editing by Mark Porter)
 ((Rajasik.Mukherjee@thomsonreuters.com))