<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Popular burrito chain Guzman y Gomez has suffered a multimillion-dollar hit after its half-yearly earnings were not as strong as expected.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The </span><a href="https://www.9news.com.au/australia" rel="" target="" title="Australian"><span>Australian</span></a><span> </span><a href="https://www.9news.com.au/business" rel="" target="_blank" title="company"><span>company</span></a><span> released its half-yearly results today, reporting $682 million in sales and earnings before interest, taxes, depreciation and amortisation (EBITDA) of $33 million – both significant increases from the same time last year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However, following the results, its share price on the ASX dropped about 10 per cent. With a market capitalisation of around $2.1 billion, that represents a hit of more than $200 million.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/social-security-payments-pension-rent-assistance-jobseeker-abstudy-and-parenting-increases-march-20/43bc3837-3abd-4ade-abd3-c95c563f33f9" rel="" target="_blank" title=""><strong><span>More than five million Aussies to receive cash boost in just weeks</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>GYG's sales grew 18 per cent compared to the first half of the last financial year, however analysts had expected that figure to come in at 19 per cent.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/world/donald-trump-ufo-aliens-barack-obama-usa-president/cdf15670-c9ae-4004-af75-15cf4bac7826" rel="" target="_blank" title=""><strong><span>Trump orders release of government files on existence of aliens</span></strong></a><span></span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The company's share price has plummeted from around $38 a year ago to about $18 today – far lower than the $22 offered when it was </span><a href="https://www.9news.com.au/finance/guzman-y-gomez-ipo/d088924d-7e17-4ed0-bf42-7648c93a862e" rel="" target="" title="first listed on the ASX in 2024"><span>first listed on the ASX in 2024</span></a><span>.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/guzman-y-gomez-share-price-fall-australia-asx/fa92fb80-c9ce-4c64-822c-603de49c8ee2" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However, Guzman y Gomez said the results were positive, pointing to growing sales and 17 new restaurants opened around the world, keeping its expansion plans on track.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>WEATHER:</span></strong><span> </span><a href="https://www.9news.com.au/national/australia-weather-update-heavy-rain-and-flooding-for-nt-and-sa/d01f7172-aae2-407c-9822-3409551c2527" rel="" target="_blank" title=""><strong><span>Huge chunk of Central Australia to receive drenching</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We continue to have extremely healthy restaurant economics and share our success with our franchisees," CEO Steve Marks said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"GYG achieved solid sales momentum and earnings growth during the half, driven by… our team's consistent execution on core strategic and operational initiatives."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The company expects to open 32 more restaurants in Australia in the current financial year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The company has also expanded into </span><a href="https://www.9news.com.au/asia" rel="" target="_blank" title="Asia"><span>Asia</span></a><span> with stores in </span><a href="https://www.9news.com.au/japan" rel="" target="_blank" title="Japan"><span>Japan</span></a><span> and </span><a href="https://www.9news.com.au/singapore" rel="" target="_blank" title="Singapore"><span>Singapore</span></a><span>, as well as the </span><a href="https://www.9news.com.au/usa" rel="" target="_blank" title="United States"><span>United States</span></a><span>, where it currently has two locations.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><strong><span>NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.</span></strong></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><p><em><strong><span>Download the 9NEWS App here via</span></strong></em><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727"><em><strong><span>Apple</span></strong></em></a><span> </span><em><strong><span>and</span></strong></em><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1"><em><strong><span>Google Play</span></strong></em></a></p></li><li><p><em><strong><span>Make 9News your preferred source on Google by</span></strong></em><span> </span><a 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