2310 GMT - Mexican fast-food chain Guzman y Gomez can achieve like-for-like sales growth of 8% in FY 2025, says Morgans, which had previously forecast a 6% rise. "In our view, 8% comparable sales growth could still prove conservative given it assumes comparable sales fall from 8.7% in the 1Q to 7.8% for the remainder of FY 2025," analyst Billy Boulton says. Yet like-for-like sales growth accelerated through 1Q and Morgans points out that sales achieved a year ago become easier to beat. "We think there's a case to be made for comparable sales growth to continue accelerating from here and that Guzman y Gomez could potentially deliver +10% comparable sales for FY 25," Morgans says. It retains a "hold" call on the stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 10, 2024 19:10 ET (23:10 GMT)
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