Guzman y Gomez listed on the ASX last year, in what was probably the most exciting IPO of the year. Late last week, the Mexican-themed fast food chain delivered a 23pc increase in network sales to nearly $1.2 billion, doubled net profits and declared its first-ever dividend.
But investors hammered it, with the share price tumbling more than 22pc, on concerns about a steady start to the new financial year, and the cost of the company’s push into the US.
Guzman y Gomez co-CEO Steven Marks spoke to Juliette Saly on Ausbiz, on the day they announced their results - and gives us an insight into the passion driving the business.
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