- Drive Shack Inc DS reported second-quarter FY22 sales growth of 17.3% year-on-year to $86.7 million, beating the consensus of $82.58 million.
- Revenue from golf operations rose 9.4% Y/Y, and sales of food and beverages jumped 57.6% Y/Y.
- Operating expenses rose 17.7% Y/Y to $65.5 million.
- The operating loss for the quarter was $(6.4) million versus an operating income of $1.1 million a year ago.
- The company held $22.7 million in cash and equivalents as of June 30, 2022.
- It reported an Adjusted EBITDA of $4.6 million versus $7.7 million last year, a 40% Y/Y decline.
- Loss per share of $(0.12) missed the analyst consensus of $(0.10).
- Price Action: DS shares are trading lower by 6.52% at $1.51 on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
