Consensus $3.58B. Backs FY24 CapEx view $180M-$200M. Backs FY24 unit growth view of as many as 22 new restaurant openings. Raises FY24 net income margin view to 4.5% from 4.3%-4.4%. Affirms long-term outlook of 7%-8% revenue growth, 1%-2% SSS growth. Guidance taken from Q3 earnings call presentation slides.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAKE: