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BUZZ-Australia-listed Guzman Y Gomez tanks to record low on sluggish US sales

Reuters
02/20
BUZZ-Australia-listed <a href="https://laohu8.com/S/GYGLF">Guzman Y Gomez</a> tanks to record low on sluggish US sales

** Shares of Guzman Y Gomez GYG.AX slump as much as 16.5% to A$17.00, hitting a record low

** Stock set for weakest intraday trading session since August 22, 2025

** Stock is the top loser on benchmark S&P/ASX 200 index .AXJO

** Australia-listed Mexican fast-food chain flagged short term sales momentum pressure following the end of its DoorDash DASH.O partnership and shift to Uber Eats

** Co, however, reported HY NPAT of A$10.6 mln ($7.48 mln), ahead of Visible Alpha consensus of A$9.2 mln

** Co continues to expect U.S. losses to increase slightly in the year to June 2026

** YTD, stock down 15.9%, including the day's moves

($1 = 1.4166 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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