Mexican-themed fast-food chain Guzman y Gomez says it is on track to meet the bullish growth projections it spruiked to prospective investors when it listed on the ASX this year as first quarter sales rose to almost $280 million.
In its first quarterly sales update since a blockbuster listing in June, the company said it expected to meet the prospectus forecasts this financial year, including revenue of $428.2 million and opening 31 restaurants in Australia.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
