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Guzman Y Gomez Limited (ASX:GYG)

ALERT: Price-sensitive ASX Announcement for GYG
Current share price for GYG : $21.290 3.21 (17.75%)+
Announcement
Release
22 May 2026 8:23AM
Price at Release
$18.080
Full Release
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Summary
Guzman Y Gomez Limited has announced its decision to exit the US market, ceasing the operation of its restaurants in Chicago with immediate effect. The decision was made due to the US business not meeting the required financial performance thresholds, despite progress in brand building and guest experience. The company will recognize a one-off financial impact of US$30-40 million in its 2026 results, but this is not expected to affect the final dividend for FY26. Meanwhile, GYG's focus is on strengthening its Australian business, with plans to open 32 new restaurants this financial year and a target to achieve an underlying EBITDA of approximately $85 million for FY26. The company also remains committed to its international growth through disciplined expansion in markets like Singapore and Japan. A briefing for investors and analysts is scheduled to discuss these updates further.
Key Points
  • GYG exits US market, ceasing Chicago operations.
  • US business did not meet financial thresholds.
  • One-off financial impact of US$30-40 million expected.
  • Australian expansion includes 32 new restaurants this year.
  • Targeted underlying EBITDA of $85 million for FY26.
  • Continued international growth in Singapore and Japan.
  • Investor briefing scheduled for further discussion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.