Dine Brands Reiterates FY24 Consolidated Adjusted EBITDA Between Approximately $255M-$265M, Gross Capital Expenditures Are Expected To Range Between Approximately $15M-$20M
Portfolio Pulse from Benzinga Newsdesk
Dine Brands has reaffirmed its fiscal year 2024 consolidated adjusted EBITDA forecast to be in the range of $255 million to $265 million. Additionally, the company expects its gross capital expenditures to be between approximately $15 million and $20 million.
May 08, 2024 | 11:20 am
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Dine Brands reiterates its FY24 EBITDA guidance and capital expenditure expectations, indicating stable financial planning and investment.
Reiterating financial forecasts, especially for EBITDA, typically signals to investors that a company is on track to meet its financial goals, which can be positive for stock sentiment. The specified range for capital expenditures also suggests controlled and planned investments, further indicating financial stability and strategic growth efforts.
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