Mexican-themed fast-food chain Guzman y Gomez generated strong same-store sales growth for the first seven weeks of 2024-25, lifting the stock to a record closing high as loyal customers in the 18- to 35-year-old age group keep buying burritos and tacos.
Same-store sales for July and most of August were 7.4 per cent higher in the Australian business compared with a year ago, surpassing the prospectus forecast of 4.8 per cent.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com