The ‘Guac’ will generally rise to the top, and this chain of Mexican Restaurants has a lot going for them in this type of tough economic environment.
- They produce fresh, tasty food at an attractive price point, very similar to Guzman & Gomez in Australia, but a lot bigger!
- They have shown an ability to grow the top line while also maintaining very strong underlying financial metrics such as margins – no small feat in such a turbulent period and a clear sign of strength.
- We think the runway for CMG US is a long one.
MM is high conviction on CMG US
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