Brinker International FY2024 Outlook: Sales of $4.27B-$4.35B Vs. $4.30B Estimate; Adj. EPS $3.15-$3.55 Vs. $3.31 Estimate
Portfolio Pulse from Benzinga Newsdesk
Brinker International has provided its fiscal 2024 guidance, projecting total revenues between $4.27 billion and $4.35 billion, and adjusted EPS between $3.15 and $3.55. The company also expects weighted average shares to be in the range of 45 million to 46 million, and capital expenditures between $175 million and $195 million. The company notes that uncertainties due to current macroeconomic conditions could cause actual results to differ materially from projections.
August 16, 2023 | 10:48 am
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Brinker International's FY2024 outlook is slightly below estimates, which could potentially impact the company's stock negatively in the short term.
Brinker International's projected revenues and adjusted EPS for FY2024 are slightly below estimates. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100