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Guzman y Gomez Limited (GYG.AX) has announced its immediate exit from the US market, closing its eight Chicago-area restaurants. This strategic pivot simplifies the business model, eliminates a major earnings drag, and improves the group's technical momentum as it refocuses on its profitable Australian core.
Guzman y Gomez (ASX:GYG) is exiting the US market immediately, closing all Chicago restaurants after a six-year expansion attempt. The company has simultaneously upgraded its FY26 Australian underlying EBITDA guidance to A$85 million, triggering a major surge in its share price.