2025 GYG Half-Year ASX Announcement
| Stock | Guzman Y Gomez Limited (GYG.ASX) |
|---|---|
| Release Time | 21 Feb 2025, 8:33 a.m. |
| Price Sensitive | Yes |
GYG delivers strong 1H25 results, expects to exceed FY25 NPAT forecast
- Global network sales increased 23% to $578 million
- EBITDA increased 28% to $32 million
- Australia segment achieved 9.4% comp sales growth, driving $573 million in sales
Guzman y Gomez Limited ('GYG' or 'the Company') today announced its financial results for the half-year ended 31 December 2024 ('1H25'). Key highlights include global network sales increasing 23% to $578 million, driven by strong demand for clean, fresh food and solid operational execution. This sales momentum translated to strong earnings growth, with EBITDA increasing 28% to $32 million. The Australian segment achieved 9.4% comp sales growth, driving $573 million in sales, due to delivery outperformance, impactful marketing and demand for value menu items. The company continued its restaurant expansion, opening 19 new locations for a global network of 239 restaurants as at 31 December 2024, with over 100 future restaurants in the pipeline. GYG expects to exceed its FY25 NPAT prospectus forecast based on the strong progress made in the half. The company remains focused on its growth strategy, including continuing Australian and US restaurant roll-out, expanding restaurant sales growth, improving margins, growing digital initiatives, and driving growth in Singapore and Japan while validating its model in the US.
GYG provides the following guidance for its Australia segment in FY25: 31 restaurant openings in Australia, including 18 franchise and 13 corporate; corporate restaurant margins of approximately 17.8%; a franchise royalty rate of 8.3%; and a G&A costs to network sales ratio of 6.7%. Overall, GYG expects to exceed its FY25 NPAT prospectus forecast.
GYG remains focused on its vision to reinvent fast food and change the way the masses eat. In the first 7 weeks of the second half of FY25, Australia segment Comp Sales Growth has been above expectations at 12.2%, reflecting continued trading momentum from the first half. GYG's strategic priorities include continuing Australian and US restaurant roll-out, expanding restaurant sales growth, improving margins, growing digital initiatives, and driving growth in Singapore and Japan while validating its model in the US.