ASX:GYGHospitality
Guzman y Gomez (ASX:GYG) Is Up 16.5% After Exiting US To Double Down On Australia
Earlier this week, Guzman y Gomez abruptly closed its Naperville outlet and seven other Chicago-area restaurants, exiting the US market after citing poor sales and unacceptable financial performance, while simultaneously reaffirming its FY26 guidance and a plan to open 32 new Australian restaurants, most of them drive-thrus.
At the same time, the company highlighted strong Q3 FY26 sales momentum in Australia and a deepening Uber Eats partnership, underscoring a clear shift in focus toward...