Chanticleer
Guzman y Gomez is still driving investors nuts
The burrito chain’s valuation was divisive when it floated four months ago – now it’s astonishing. But the ASX is a market where winners keep winning.
It was the float that made the market lose its collective mind. But four months on, Guzman y Gomez is still driving investors nuts.
A trading update released by the burrito and taco group on Thursday showed its first-year plans are firmly on track. Total sales in the September quarter rose 20.7 per cent to $278.8 million, with comparable sales in its flagship Australian business up 8.7 per cent to $260.2 million.
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