News Formal

GYG ASX: Shares in Guzman y Gomez gained 3.2 per cent after an initial fall on Tuesday, with the Mexican fast food chain adding $1.55b in value in just two months to become a $3.75b company.

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 90%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

The Mexican-themed fast-food chain is outstripping rivals in delivering strong same-store sales growth and closed at a record on Tuesday.

generated strong same-store sales growth for the first seven weeks of 2024-25, lifting the stock to a record closing high as loyal customers in the 18- to 35-year-old age group keep buying burritos and tacos.

Guzman y Gomez shares slipped 5 per cent to $34 in early trading on Tuesday but recovered to finish 3.2 per cent higher at $37. It has been a sharemarket darling since theThey were offered at $22 apiece in the float and despite initial scepticism about its valuation, jumped to $30 on the first day of trading. The sharemarket value of Guzman y Gomez is now $3.75 billion, up from $2.2 billion when it listed.

The company did not pay a dividend, preferring to plough investment into expanding its network. It aims to eventually reach 1000 outlets in Australia.Barrenjoey analyst Tom Kierath said Guzman y Gomez had “begun FY25 strongly”, with Australian same-store sales growth well ahead of the prospectus forecast of 4.8 per cent.. Collins Foods, which operates 279 of the 750 KFC outlets in Australia, warned last week that rising wages and energy costs would hit profit margins.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

PDN ASX: Paradice’s Sam Theodore sees riches in these ASX uranium stocksThe former Blackrock hedge fund manager’s recent trip to Paladin’s flagship Namibia mine has made him more bullish on the controversial energy source.
Fonte: FinancialReview - 🏆 2. / 90 Consulte Mais informação »

ASX 200 LIVE: ASX dips; gold stocks rally; a2 Milk plunges 18pcSubdued trading at noon; Westpac posts $1.8 billion in unaudited net profit; Lendlease swings to $1.5 billion loss; a2 Milk says market conditions in China remain challenging; Ampol slashes interim dividend. Follow here for more.
Fonte: FinancialReview - 🏆 2. / 90 Consulte Mais informação »