Guzman Y Gomez Needs to Step Up Pace of Openings, GS Says -- Market Talk

Dow Jones10-11

0400 GMT - Guzman Y Gomez's bears at Goldman Sachs isn't getting too excited by the pace of the Australian fast-food operator's local expansion. The investment bank's analysts point out that the Mexican-themed chain needs to step up the pace of new store openings if it is to hit its reiterated target of 31 new Australian outlets across FY 2025. They observe that Guzman Y Gomez opened five in its fiscal 1Q, half the number it managed in 1Q FY 2024, a year in which it opened 23 new stores. GS has a last-published sell rating and A$33.20 target price on the stock, which is down 0.4% at A$38.56. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 11, 2024 00:01 ET (04:01 GMT)

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GS has a last-published sell rating and A$33.20 target price on the stock, which is down 0.4% at A$38.56. 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The investment bank's analysts point out that the ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474203354","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474203354","pubTimestamp":1728619260,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0400 GMT - Guzman Y Gomez's bears at Goldman Sachs isn't getting too excited by the pace of the Australian fast-food operator's local expansion. The investment bank's analysts point out that the Mexican-themed chain needs to step up the pace of new store openings if it is to hit its reiterated target of 31 new Australian outlets across FY 2025. They observe that Guzman Y Gomez opened five in its fiscal 1Q, half the number it managed in 1Q FY 2024, a year in which it opened 23 new stores. GS has a last-published sell rating and A$33.20 target price on the stock, which is down 0.4% at A$38.56. 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