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ASX Live Coverage Summary – April 7
Welcome to our live coverage of the ASX for Tuesday, April 7. We will provide extensive updates before the market opens and periodic insights during the day, concluding earlier than usual at around 12:00 pm AEST. Your feedback is highly valued, so feel free to share your thoughts with us.
Guzman y Gomez Q1 FY26 Network Sales Update
9:04 am
Guzman y Gomez (GYG) has reported robust revenue growth for the first quarter of FY26, even as same-store sales growth shows signs of moderation.
- Network Sales: Increased by 19.5% to AUD 345.9 million, spurred by ongoing restaurant expansion (278 locations compared to 241 a year prior).
- Australian Same-Store Sales Growth: Recorded at 6.6%, a decline from 11.1% in the same quarter last year, indicating a return to normal after an impressive performance.
- US Same-Store Sales Growth: Notable growth of 2.2%.
- FY26 Guidance: The company has reaffirmed its outlook, expecting an increase in the underlying EBITDA margin for the Australian segment to between 6.0% and 6.2% of network sales.
- Store Openings: Plans are in place to launch 32 new restaurants in Australia during FY26, which will include 23 drive-thru locations.
For further details, visit the [Guzman y Gomez page](company page).
Market Overview
8:44 am
ASX 200 futures increased by 5 points (0.06%) at 7:50 am AEDT.
Key Highlights:
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US Market Performance: The US markets closed positively overnight, with the S&P 500 achieving its fourth consecutive day of gains, bolstered by optimism regarding a potential ceasefire in the Middle East.
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Asian Markets: Monday saw gains across Asian markets, with Japan, India, and Korea rising between 0.55% and 1.36%.
- Commodity Markets: While commodities have seen a quieter period, significant movements are anticipated depending on the developments regarding US, Israel, and Iran negotiations.
This summary encapsulates the key elements of the ASX coverage for today, providing an overview of major updates regarding market movements and significant corporate announcements.
