Friday’s announcement that Guzman y Gomez (GYG) was immediately quitting the US market drew a positive response on the share market: GYG’s share price lifted 9.5 per cent to $19.81.
Shares in the Mexican cuisine QSR chain had declined over the past year from $31 to just $15 early April 2026. A strong Q3 result then boosted the price in April to $21 before a drop to $16.
GYG has struggled to gain momentum in the US, after opening its flagship store in 2020. It has opened just eight restaurants in the Chicago area.
The business listed on the ASX mid-2024, valued at $3.3bn.
