FEAR & GREED | Business News cover image

FEAR & GREED | Business News

Interview: GyG was 2024's biggest IPO, but investors are hammering it

Feb 24, 2025
Steven Marks, Co-CEO of Guzman y Gomez, a fast-food chain known for its commitment to quality, shares insights on the company's journey post-IPO, the largest in 2024. Despite recent investor concerns, he expresses unwavering optimism about growth in both Australia and the U.S. Steven discusses their aggressive strategy to open over a thousand locations, focusing on prime positions and excellent service. He also addresses challenges in the saturated market, emphasizing brand experience and resilience in a fluctuating economy.
10:20

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Guzman y Gomez shows a mixed financial performance, with strong Australian results contrasted by significant U.S. market losses, necessitating a strategic pivot.
  • The company's commitment to quality food and transparency, alongside affordable menu options and convenience-driven drive-thrus, aims to attract younger consumers.

Deep dives

Challenges and Optimism in the U.S. Market

The financial performance of Guzman y Gomez (GYG) reveals a mixed outlook, with strong results in Australia overshadowed by significant losses in the U.S. market. Despite a decline exceeding 60% in U.S. sales, the company is optimistic about future growth, highlighting their strategy to enhance the guest experience and strengthen the brand through concentrated restaurant locations in Chicago. The planned opening of a sixth restaurant in a college town, along with a new menu initiative, 'Clean is the New Healthy', aims to attract more customers and build brand recognition. GYG believes that brand building takes time, emphasizing their commitment to quality food and customer service in a competitive environment.

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