Golf Entertainment Group Q2 revenue rises, driven by strength in Traditional Golf business
Golf Entertainment Group Q2 revenue rises, driven by strength in Traditional Golf business
Overview
U.S. golf leisure operator's Q2 revenue rose 2.8% yr/yr, operating income turned positive
Traditional Golf revenue grew 6.7%, driven by continued strength in the segment
Company generated $15.4 mln cash from operations in first half, hosted 600,000+ rounds
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
TRADITIONAL GOLF SEGMENT - Co said revenue growth and improved operating results were driven by continued strength in its Traditional Golf business
ROUNDS PLAYED - Co said American Golf hosted over 600,000 rounds in the first half, indicating steady demand
Company press release: ID:nBw4gMjPRa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $95.70 mln |
|
Q2 Operating Income |
| $1.90 mln |
|
Reuters Recommended Reads
Aug 13 - Falcon's Beyond Global Q2 revenue more than doubles on attraction services demand
Aug 14 - Reading International Q2 revenue rises 11% on Australia boost
Aug 14 - Norway's SATS Q2 EBITDA rises 16% as member activity grows
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)