BUZZ-Australia's Guzman y Gomez extends losses after lacklustre US sales

Reuters
24 Feb
BUZZ-Australia's Guzman y Gomez extends losses after lacklustre US sales

** Shares of Australia-listed Mexican fast-food chain Guzman y Gomez GYG.AX fall 7.3% to A$35.76, their lowest levels since November 8

** GYG set to mark its third consecutive session of losses, if current trend holds

** Stock has lost roughly A$960 million ($611.81 million) in market value over past three days

** GYG stock among top losers in the ASX200 benchmark index .AXJO

** GYG on Friday reported 1H25 underlying earnings below market estimates and flagged declining sales at its U.S. outlets

** Morningstar says do not expect U.S. stores to turn a meaningful profit in its 10-year forecast period

** Brokerage forecasts weaker 2H25 EBITDA margins

** GYG down 11.4% this year, including the day's move

($1 = 1.5691 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))

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