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Guzman y Gomez Shares Jump 20.58% on U.S. Market Exit

Guzman y Gomez stock surged 20.58% on Friday after the Australian fast-food chain announced it would withdraw from the United States market effective immediately. Founder and co-CEO Steven Marks said three months in the U.S. revealed the expansion would require substantially more time and capital than anticipated. The company determined current U.S. performance could not sustain continued shareholder investment. Chicago restaurants will close immediately. The company stated the decision does not diminish confidence in the GYG brand's global potential or its commitment to disciplined geographic expansion. The chain operates 237 locations in Australia, with a long-term target of 1,000 outlets. GYG also maintains operations in Singapore and Japan, targeting more than 40 new restaurant openings annually worldwide.