Guzman y Gomez (ASX:GYG) Announces Half-Year Performance
Financial Performance
Guzman y Gomez reported a 27% increase in revenue, reaching $212.419 million for the half-year ended December 31, 2024. EBITDA surged by 67% to $31.578 million, and the company achieved a net profit after tax of $7.301 million, reversing a loss of $3.960 million in the prior period. Earnings per share rose to 7.2 cents, compared to a loss of 4.7 cents previously.
Operational Achievements
The company expanded its global network by 19 new restaurants, bringing the total to 239. 16 new restaurants were opened in Australia, and three in Singapore. Five restaurants were acquired from franchisees,
Segment Performance
Overall network sales grew by 22.8% to $577.946 million. The Australia segment (comprising all restaurants operating in Australia, Singapore and Japan) accounted for $573.040 million of sales. The US segment, however, saw a decline in network sales by 12.7%.
Future Outlook
Guzman y Gomez remains focused on its growth strategy, including expanding its restaurant network in Australia and internationally, enhancing margins, and driving digital initiatives. The company expects to exceed its FY25 NPAT forecast and continues to invest in new restaurant openings and operational improvements.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.