Brinker International jumps on FY profit forecast raise

Brinker International

31/01/2024 15:51

** Shares of Chili's Grill & Bar operator Brinker
International  EAT.N  up as much as 6.2% at near a month's high
of $43.2
    ** Company raises FY24 profit forecast, boosted by a 13.1%
jump in restaurant operating margin
    ** Expects annual adj. profit in the range of $3.45 to $3.70
per share, compared with prior forecast range of $3.35 to $3.65
per share
    ** Stock set for best day since November 2023, if gains hold
    ** Company's Q2 adj. profit of 99 cents per share beats LSEG
est. of 95 cents
    ** In 2023, stock rose nearly 35%

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com;))