GDEN - Golden Entertainment GAAP EPS of $0.67 misses by $0.23 revenue of $289.37M beats by $1.75M
- Golden Entertainment press release ( NASDAQ: GDEN ): Q2 GAAP EPS of $0.67 misses by $0.23 .
- Revenue of $289.37M (-1.1% Y/Y) beats by $1.75M .
- Blake Sartini, Chairman and Chief Executive Officer of Golden Entertainment, commented, “Our operating discipline supported strong second quarter results and offset challenges in the current economic environment. We have maintained our Adjusted EBITDA margin over the last four quarters as we continue to exceed 2019 performance levels. In addition, our strong cash flow generation has allowed us to allocate capital to debt reduction while also returning capital to shareholders through share repurchases. Since the beginning of 2021 we have reduced indebtedness by nearly $200 million and since December 2021 we have repurchased almost $50 million of our common stock. For the rest of the year, we expect to remain focused on maintaining the strength of our balance sheet and opportunistically returning capital to shareholders.”
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Golden Entertainment GAAP EPS of $0.67 misses by $0.23, revenue of $289.37M beats by $1.75M