Much-hyped Mexican fast-food chain GYG has big long-term goals, but its near-term targets are more measured. The debate now will all be about valuation.
In many ways, Mexican fast-food chain Guzman y Gomez is an unlikely candidate to bust open the IPO window, which has been largely shut for two years.. It’s less than nine months since private equity firm TDM Growth Partners appointed its former partner, Hilton Brett, as co-chief executive. And it’s about seven months$2.2 billion IPO
But the near-term goals of Marks and Brett are more modest. They plan to add 30 stores by the end of the 2025 financial year, which will help to boost revenue from an estimated $339.7 million in the year that will end on June 30, to $428.2 million, at a growth rate of 37.6 per cent. EBITDA is forecast to grow slightly faster, at 39.3 per cent.
The revenue and EBITDA growth targets also look well within reach. Stores opening will clearly boost both numbers, but GYG will also benefit from growth in the existing stores.
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