Guzman y Gomez Limited (ASX:GYG) Responds to ASX Compliance Inquiry on Half-Year Earnings
Earnings Performance
Guzman y Gomez Limited (ASX:GYG) reported its half-year results for the period ending 31 December 2024, stating that its statutory and Segment Underlying EBITDA earnings did not materially differ from market expectations. The company highlighted that its statutory measures, including EBITDA, Profit before Tax, and Net Profit after Tax, were within 5% of consensus estimates, with no material variances.
Market Reaction
Following the release of the half-year results, GYG experienced a decline in its share price from $44.99 to $38.58. The company identified several factors that may have influenced this movement, including pre-release trading activity, speculation regarding the potential partial release of escrowed shares, and investor concerns about the fiscal year 2025 outlook, particularly related to restaurant margins.
Compliance Confirmation
GYG confirmed its compliance with ASX Listing Rules, particularly Rule 3.1, ensuring all material information was promptly disclosed in accordance with continuous disclosure obligations.
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