BRIEF-Guzman Y Gomez To Exit US Market And Close Chicago Restaurants Immediately

May 22 (Reuters) - Guzman Y Gomez Ltd GYG.AX:

  • UPDATE ON US STRATEGY AND AUSTRALIA SEGMENT GUIDANCE

  • TO EXIT US MARKET AND CLOSE CHICAGO RESTAURANTS IMMEDIATELY

  • EXPECTS AUSTRALIA SEGMENT UNDERLYING EBITDA OF A$85 MILLION IN FY26, UP 29% YEAR-ON-YEAR

  • EXPECTS ONE-OFF PL IMPACT OF US$30 MILLION-US$40 MILLION IN FY2026 FROM US EXIT

  • ON TRACK TO OPEN 32 RESTAURANTS IN AUSTRALIA THIS FINANCIAL YEAR

  • CASH COMPONENT OF US EXIT COSTS NOT EXPECTED TO EXCEED US$15 MILLION

  • AMENDS BLACKOUT PERIOD TO START AFTER ASX CLOSE ON 30 JUNE 2026; BUYBACK PROGRAM REMAINS ACTIVE

  • ONE-OFF ITEMS ARE NOT EXPECTED TO IMPACT GYG'S FINAL DIVIDEND FOR FY26

Further company coverage: GYG.AX


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