Australian-born Mexican-inspired fast food chain Guzman Y Gomez (GYG) has formally pulled the plug on its high-risk ambition to break into the highly competitive U.S. restaurant market, revealing the failed venture has left the business with a $26.7 million full-year statutory net loss after accounting for exit costs. The Sydney-founded chain released its full-year 2024-2025 financial results on Friday, which showed the U.S. exit dragged the company into the red, with $67.3 million in total costs tied to winding down its eight Chicago locations.
