0053 GMT - Australian fast-food operator Guzman Y Gomez probably needs to work more on raising U.S. brand awareness to deliver on its regional ambitions, UBS analysts say. They think that the U.S. operation won't break even until fiscal 2029 and warn that the path looks bumpy, pointing out in a note that U.S. 3Q same-store sales growth was down on the prior quarter. The U.S. operation accounts for about 1% of UBS's sum-of-the-parts valuation of the business, but the analysts acknowledge that investor interest is high given the size of the opportunity. UBS cuts its target price 12.5% to A$35.00 and stays neutral on the stock, which is down 0.8% at A$30.86. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 20:53 ET (00:53 GMT)
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