Australian-based Mexican fast-food chain Guzman y Gomez surpasses prospectus forecasts with a 71% increase in pro forma net profit after IPO debut.

Guzman y Gomez, an Australian-based Mexican fast-food chain, reported a surge in full-year profit, exceeding prospectus forecasts after its IPO debut in June. The company achieved a 71% increase in pro forma net profit, with global network sales rising 26% to A$959.7m. In the first seven weeks of the new financial year, same-store sales grew 7.4%, surpassing expectations. Since its listing, Guzman y Gomez's stock has increased by more than 60%. The company plans to open 31 new restaurants in FY 2025.

August 27, 2024
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