close
MENU
Hot Topic EARNINGS
Hot Topic EARNINGS
Investment
2 mins to read

US losses weigh on Guzman shares despite profit increase

Mexican food chain Guzman y Gomez' shares have almost doubled since last year's IPO, but the market is still dubious that it can crack the US.

Australia continues to power the company's revenue and profits, with ebitda up 37%.

Key points
  • Revenue: up 22% to A$577m  
  • Profit: up 91% to A$7.3m
  • Main takeaway: Group overall exceeded expectation but the company is struggling in the US, a market it has targeted for expansion.

Shares in ASX-listed Mexican food chain Guzman y Gomez slumped 9% in morning trade today despite the company reporting better than expected first half results.

Guzman, which joined the boards of the ASX last year in one of the most hotly anticipated IPOs, reported a net profit of A$7.3m for the half

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Smartphone Only Annual Subscription

NZ$249.00 / yearly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Subscription

NZ$29.95 / monthly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Lachlan Colquhoun Fri, 21 Feb 2025
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: up 22% to A$577m  
  • Profit: up 91% to A$7.3m
  • Main takeaway: Group overall exceeded expectation but the company is struggling in the US, a market it has targeted for expansion.
Company profile
Powered by: asx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
US losses weigh on Guzman shares despite profit increase
Investment,
107938
true