It’s tiempo de fiesta for Guzman y Gomez’s investors after shares in the Mexican-themed restaurant chain shot up 36 per cent on Thursday. But can they trust its co-CEOs Steven Marks and Hilton Brett to deliver on the blockbuster IPO’s growth forecasts?
Guzman y Gomez’s Steven Marks in 2018, when he and TDM were forecasting FY23 operating income of eight-times than the actual number.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
