Ryman Hospitality Properties Q2 Revenue Tops Consensus

Ryman Hospitality Properties Inc RHP reported second-quarter FY21 revenue growth of 1063% year-on-year, to $170.9 million, beating the analyst consensus of $144.18 million.
Adjusted FFO per share was $(0.03), versus $(1.65) last year.
Operating expenses rose 29.8% Y/Y to $201.8 million.
The operating loss narrowed by 78% Y/Y to $(30.9) million.
The average monthly cash burn was about $1 million.
The company held $88.6 million in cash and equivalents as of June 30, 2021.
It reported an Adjusted EBITDAre of $28.2 million and an adjusted EBITDAre margin of 16.5%.
"The momentum continues to build and is not limited to leisure customers, as evidenced by the over 114,000 group room nights serviced in the second quarter," said CEO Colin Reed.
Ryman Hospitality currently expects Q3 cash flow to continue the positive momentum seen in June.
Price action: RHP shares are trading lower by 0.58% at $75.51 on the last check Tuesday.

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