0105 GMT - Guzman Y Gomez's bulls at Wilsons aren't too worried by the Australian fast-food operator's surprise closure of two local outlets in the March quarter. Analysts James Ferrier and Declan Carroll see the 3Q update as a slight positive, pointing out that the three new stores opened across the period was in line with their expectations. They add in a note that the slight slowdown in same-store sales growth across the quarter was expected due to an improvement through the prior corresponding period. Wilsons lifts its target price 1% to A$42.88 and keeps an overweight rating on the stock, which is up 0.5% at A$31.25. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 21:06 ET (01:06 GMT)
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