Black Rifle Coffee Reaffirms 2023 Full-Year Financial Guidance; Net Revenue Of $400M-$440M (Consensus $421.21M)
Portfolio Pulse from Benzinga Newsdesk
Black Rifle Coffee Company (BRCC) has reaffirmed its full-year financial guidance for 2023, expecting a net revenue of $400M-$440M, which aligns with the consensus estimate of $421.21M.
June 29, 2023 | 8:23 pm
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BRCC has reaffirmed its 2023 full-year financial guidance, projecting net revenue of $400M-$440M, which is in line with the consensus estimate of $421.21M.
BRCC's reaffirmation of its 2023 financial guidance, which is in line with consensus estimates, is a positive signal that the company is on track to meet its financial targets. However, as this is a reaffirmation and not an upgrade, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100