GYG Announces US Exit and Updates Australia Segment Guidance
Key points
- GYG to cease US operations in Chicago
- Recognises US team's efforts despite underperformance
- Expects Australia Segment underlying EBITDA of $85M in FY26
Full summary
Guzman Y Gomez Limited (GYG) announced its decision to exit the US market, ceasing operations in Chicago immediately. Despite progress in brand building and guest experience, the financial performance did not meet targets. The company will support its US team during this transition. GYG remains focused on its Australian operations, expecting underlying EBITDA of approximately $85 million for FY26, with plans to open 32 new restaurants. The company expects a one-off P&L impact of US$30-40 million due to the US exit, with a cash component of up to US$15 million.
Guidance
FY26 Australia Segment underlying EBITDA: ~$85M
Outlook
GYG plans disciplined international growth, focusing on Singapore, Japan, and potential new markets in the future.
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