BUZZ-Australia's Guzman Y Gomez tracks US peer lower, hits record low
Reuters
9 hours ago
BUZZ-Australia's <a href="https://laohu8.com/S/GYGLF">Guzman Y Gomez</a> tracks US peer lower, hits record low
** Shares of Guzman Y Gomez GYG.AX fall as much as 5.2% to a lifetime low of A$19.3
** The quick-service restaurant drops on negative signals from U.S. fast food space
** GYG peer Restaurant BrandsQSR.TO on Thursday reported fourth-quarter sales above estimates on the back of strong performance at Burger King International, but high costs and muted spending in the U.S. took shares down nearly 6%
** Stock now trades below June 2024 IPO price of A$22
** GYG stock down 10.2% YTD, including the day's moves
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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