Brinker Revised FY24 Revenue Guidance To $4.30B - $4.35B From $4.27B-$4.35B Vs. $4.34B Est
Portfolio Pulse from Benzinga Newsdesk
Brinker International has updated its FY24 revenue guidance, raising the lower end from $4.27 billion to $4.30 billion, while maintaining the upper end at $4.35 billion. This revision positions the guidance range closer to the market estimate of $4.34 billion.
January 31, 2024 | 11:51 am
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POSITIVE IMPACT
Brinker International, represented by the ticker $EAT, has revised its FY24 revenue guidance, which may positively influence investor sentiment as the new range is closer to market expectations.
By raising the lower end of their revenue guidance, Brinker International signals confidence in their financial performance for FY24. This adjustment suggests that the company is less likely to underperform against market expectations, which could lead to a positive short-term impact on the stock price as investor confidence grows.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100