Brinker Raises FY24 Adj EPS Outlook From $3.45-$3.70 To $3.80-$4.00 (Est $3.69); Revises Total Revenues Outlook From $4.30B-$4.35B To $4.33B-$4.35B (Est $4.338B)
Portfolio Pulse from Benzinga Newsdesk
Brinker International has increased its FY24 adjusted EPS forecast from $3.45-$3.70 to $3.80-$4.00, surpassing the estimated $3.69. Additionally, the company adjusted its total revenue outlook from $4.30B-$4.35B to a narrower range of $4.33B-$4.35B, closely aligning with the estimated $4.338B.
April 30, 2024 | 10:52 am
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Brinker International raises its FY24 adjusted EPS outlook to $3.80-$4.00, exceeding analyst expectations, and revises revenue projections to $4.33B-$4.35B.
Brinker International's upward revision of both its EPS and revenue forecasts for FY24 indicates a positive outlook on its financial performance, likely leading to increased investor confidence and potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100