Reposted by Roger Filmyer
IE is out here skeeting bond market analysis using potato-quality pics of Bloomberg Mobile on another phone's cracked screen, I am in AWE.
Roger Filmyer
@synolect.com
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Boston-Based Beep Booper. BA & MS New College of Florida. If your reference # starts with "18.", it's (probably) not my fault.
![Guzman Y Gomez Gives Up on US in Blow to Overseas Ambitions (1)
Summary by Bloomberg Al
• Guzman y Gomez Ltd. is closing its Chicago restaurants and exiting the US due to the business requiring significantly more time and capital than expected.
• The company said results so far have "not been acceptable" and it will take a charge of $30 million to $40 million for quitting the US.
• Underlying earnings from the company's Australian business will be approximately A$85 million for the year ending June, a jump of 29% from the prior year.
By Angus Whitley
05/21/2026 19:22:09 [BN]
(Bloomberg) -- Australian burrito chain Guzman y
Gomez Ltd. said it's closing its Chicago restaurants and exiting the US, a strategic about-turn that represents a major blow to the brand's international ambitions.
The US business will require significantly more time and capital than the company expected before it can deliver adequate sales, Guzman y Gomez said Friday.
Results so far have "not been acceptable," the company said. It will take a charge of $30 million to $40 million for quitting the US.](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:pnx2fjuannbdpy3337ggthpp/bafkreici6q4yp2lyyewaioot5r6hw5k6dgzvnqgnulhj7sgocxsgpbosx4)
