Morning star rates the stock at $19.18 whereas Goldman rates it at $33.20...
I've been thinking about their ingredient costs... beef has skyrocketed...
Poultry price has skyrocketed..
Labour has gone up obviously...
Corn has dropped slightly...
Eggs have skyrocketed (brekkie burrito)..
Electricity has skyrocketed...
Commercial rents have skyrocketed..
Now they are trying in the coffee space, which is interesting because only McDonalds has been able to pull this off for a QSR to diversify... Also, it's a confusing strategy as in some states like SA, GYG is largely bolted into OTR Petrol Stations which does their own coffee... Coffee has skyrocketed...
So... it will be interesting to see how costs are passed on, and how punters handle that cost.
GYG Price at posting:
$41.06 Sentiment: Sell Disclosure: Not Held
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