May 22, 2026 – 9.29amGuzman y Gomez will exit the United States market and immediately cease operations at its outlets in Chicago after they failed to meet financial targets, calling time on a costly six-year attempt to make it in the world’s largest fast food market.The Mexican-themed food chain was a fund manager favourite in 2024 when it listed on the ASX due to its ambitious plans to expand rapidly, including in the US, but it has struggled to gain traction with growing losses in that market.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Guzman Y Gomez calls it quits on US after deepening losses
In February, Guzman y Gomez told investors that losses in the US had reached $8 million in the first half of the 2026 financial year.
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