Guzman y Gomez hints at ASX listing as global sales surge 32%

The Mexican chain is planning to publicly list in the ASX.

Mexican chain Guzman y Gomez reached $759m in sales, a 32% growth from a year before, various reports said.

The group also reported a surge in underlying earnings of 56% to $32m, and same-store growth of 15%.

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A report by the Sydney Morning Herald said, founder Steven Marks said they are currently gearing up for a potential ASX listing sometime in the late financial year 2024 or 2025.

In May, Marks announced his decision to take a step back from the business however he remains involved by focussing on brand and food. 

GYG is currently on the hunt for its next CEO.