The Economic Times

Guzman Y Gomez loses $270 million in market capitalisation due to below-expectation half-year results despite rising profit and sales

Guzman Y Gomez, Australia's popular burrito chain, saw its market value plunge by $270 million following weaker-than-expected sales, particularly in the US. Despite reporting strong overall sales and a significant rise in profit after tax, investors reacted negatively. The company plans to expand its global footprint with 32 new restaurants in the upcoming financial year.