BRC Expects FY24 Net Revenue Of $430M-$460M, Est $477.64M
Portfolio Pulse from Benzinga Newsdesk
BRC has projected its FY24 net revenue to be between $430M-$460M, which is below the estimated $477.64M. The company also anticipates an increase in profit and cash flow for 2024, with Adjusted EBITDA expected to be between $27.0M and $40.0M and a Free Cash Flow conversion rate of approximately 80% of Adjusted EBITDA.
March 06, 2024 | 10:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
BRC expects FY24 net revenue to fall short of estimates with a projection of $430M-$460M against an expected $477.64M. The company also forecasts an increase in profit and cash flow, with Adjusted EBITDA ranging from $27.0M to $40.0M and a Free Cash Flow conversion of ~80% of Adjusted EBITDA.
The projected revenue for FY24 being below the estimated figures suggests a potential negative impact on BRC's stock price in the short term. However, the anticipated increase in profit and cash flow, indicated by the Adjusted EBITDA forecast and Free Cash Flow conversion, may mitigate some of the negative sentiment. The score reflects the initial negative reaction to the revenue miss, while the importance and confidence levels account for the mitigating factors of profit and cash flow improvements.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100