Australian Mexican Fast Food Chain Guzman Y Gomez Exits US Market

The U.S. exit is expected to result in a one-off non-cash and cash expense of between US$30 million and US$40 million in the 2026 financial year.
Australian Mexican Fast Food Chain Guzman Y Gomez Exits US Market
Guzman Y Gomez branding pre-game ahead of the round 14 Super Netball match between NSW Swifts and Adelaide Thunderbirds at Ken Rosewall Arena in Sydney, Australia, on June 17, 2023. Jason McCawley/Getty Images
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Australian Mexican food chain Guzman Y Gomez (GYG) has left the United States market after it missed key sales and performance targets.

In a statement to the Australian Stock Exchange (ASX), the company said it had been consistent and transparent about the thresholds the business needed to prove the U.S. concept.

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Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]