Brinker International is our Growth Stock of the Week By StockNews
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© Reuters. Brinker International is our Growth Stock of the WeekBrinker International (NYSE:) is poised to benefit from improving coronavirus trends. The stock’s price is very affordable and it has been able to find new growth drivers since the pandemic. Continue reading to learn why this stock is the best growth stock. While technology stocks get a lot of attention, there are many companies that have experienced significant growth in earnings. One of the most notable examples is restaurant stocks, like Brinker International (EAT).
The company is facing easy comps because of the pandemic. In addition to increased restaurant volume, the economy is expected to return back in normal. In addition, many restaurants closed due to the economic downturn.
These headwinds can be offset by the economic tailwind of the economy opening as 79% revenue growth was achieved and 230% in earnings growth were recorded during the last quarter. The pandemic was a negative for restaurants, but there is a silver lining: they’ll face less competition. Public companies will also be better able to manage costs and invest in new technology that can replace labor.
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