Guzman y Gomez Profits Reach All-Time High, Surpassing 2025 Forecast

Australian-based Mexican-style fast-food chain Guzman y Gomez has reported a significant increase in earnings for the first half of the fiscal year.

Guzman y Gomez posted a post-tax profit of A$7.3 million (US$4.67 million) for the six months ending December 31, 2023. This marks nearly double the earnings recorded during the same period last year and slightly exceeds analyst estimates.

The impressive financial performance reinforces the company's trajectory to surpass its profit forecast for fiscal 2025. Prior to its initial public offering (IPO) in June 2022, Guzman y Gomez projected a profit of A$6.0 million for 2025.

(Note: $1 = 1.5637 Australian dollars)