Guzman y Gomez (ASX: GYG) has delivered record underlying earnings for FY26 as strong Australian sales helped offset the impact of its exit from the US market – a stint which all in all, was wholly unsuccessful.
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Sales increased 17.9% to $1.38 billion, while underlying EBITDA climbed 28.7% to $85 million. Statutory NPAT rose 31.6% to $40.6 million, with underlying NPAT increasing 29.7% to $53.4 million.
GYG opened 35 restaurants during the year, taking its global network to 284 locations as at June 30. The company now plans to focus its domestic expansion on Australia, targeting another 35 openings in FY27.
Australian sales increased 5.3%, supported by higher customer numbers and larger average transactions. The company said its value-focused menu continued to attract customers despite a tougher economic backdrop, with products including its $12 Brekkie Bundle and $3 taco helping support demand.
The result also marks the completion of GYG’s withdrawal from the US, where the company abandoned its expansion plans after determining that further investment would be required to make the model viable. The exit contributed to a $67.3 million write-down, pushing statutory group NPAT including discontinued operations to a loss of $26.7 million.
GYG ended FY26 with $171 million in cash and no debt. The company declared a fully franked full-year dividend of 48 cents per share, including a special dividend.
GYG said it has 117 Australian restaurants in its development pipeline, giving the company a significant runway for domestic expansion following the decision to leave the US market.
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