GYG posts Q1 FY2025 update

See below for the full financial update.

Guzman y Gomez Limited (“GYG”) today released its quarterly results for the period 1 July 2024 to 30 September 2024 (“Q1 FY25”). 

Comparable sales growth in the Australia segment has been above expectations, driven by strong delivery performance, successful execution of the ‘Clean is the New Healthy’ campaign and guest demand for value menu items such as the $12 Chicken Mini Meal.

The US segment has performed in line with expectations during the quarter, with the prior corresponding period benefiting from initial higher sales associated with new restaurant openings.

Overall GYG expects to meet its prospectus forecasts for the 2025 financial year, including the opening of 31 new restaurants in Australia.