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GYG Pulls Out of US, Boosts Focus on Australian Growth and Asian Franchises

10:00am on Thursday 1st of January, 1970 AEST Consumer Discretionary
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GYG Pulls Out of US, Boosts Focus on Australian Growth and Asian Franchises

10:00am on Thursday 1st of January, 1970 AEST
Key Points
  • Immediate closure of US Chicago restaurants
  • Australia segment underlying EBITDA guidance raised to $85 million
  • One-off US exit costs estimated at US$30-40 million
  • Master franchise growth in Singapore and Japan continues
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about Guzman Y Gomez (ASX:GYG)
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