LOUISVILLE, Ky., May 04, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) ("CDI") announced today that NBC Sports will continue to host the Kentucky Derby on NBC and Peacock through 2032. CDI's partnership with NBC Sports began in 2001. This multi-year partnership extension will make NBC the first media company to present the most prestigious event in horse racing for over three decades. "As we celebrate the 150th running of the Kentucky Derby, Churchill Downs is proud to extend the relat ...

LOUISVILLE, Ky., May 04, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) (the "Company", "CDI") announced today that a jubilant crowd of nearly 157,000 Derby fans gathered at Churchill Downs Racetrack ("Churchill Downs") to celebrate and witness Mystik Dan claim the Garland of Roses at the 150th running of the Kentucky Derby presented by Woodford Reserve at 18-1 odds under mostly cloudy skies. Wagering from all sources was the highest all-time on the Kentucky Derby race, the Kentucky Der ...

LOUISVILLE, KY., May 03, 2024 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (NASDAQ:CHDN) (the "Company", "CDI", "we") announced a new Kentucky Oaks Day handle record at Churchill Downs Racetrack as Thorpedo Anna captured the Lilies in the 150th running of the Longines Kentucky Oaks. Even under cloudy skies, 107,236 enthusiastic race goers gathered to watch America's premier race for 3-year-old fillies. Wagering from all sources on the full Kentucky Oaks race day card set a new record of $75.3 million, e ...

traveler1116/iStock Unreleased via Getty Images Summary Churchill Downs (NASDAQ:CHDN), owner of the iconic Kentucky Derby, is a diversified gaming operator with a strong historical record. Over the past 3 years, the stock has consolidated while revenue and net income has grown. This has presented investors with a great opportunity to purchase a long-term compounder at a fair price. Background and History Churchill Downs is a gaming company, most famously known for hosting the Kentucky Derby—one of the m ...

Derby City Downtown love the facility, love what our team has done there. We thought it would start relatively modestly because a big component of its business is going to be driven by tourism and downtown traffic. And opening in December and the height of winter in Louisville is not the ideal time to open. So what weâre seeing is pretty consistent ramping. And I go back to what I said in response to one of the other questions. We always underwrite the deals or the greenfields that we build to a 3-year EBIT ...

For the quarter ended March 2024, Churchill Downs (CHDN) reported revenue of $590.9 million, up 5.6% over the same period last year. EPS came in at $1.13, compared to $0.98 in the year-ago quarter.The reported revenue represents a surprise of +5.72% over the Zacks Consensus Estimate of $558.94 million. With the consensus EPS estimate being $0.78, the EPS surprise was +44.87%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Churchill Downs (CHDN) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 44.87%. A quarter ago, it was expected that this racetrack operator and gambling company would post earnings of $0.68 per share when it actually produced earnings of $0.86, delivering a surprise of 26.47%.Over the ...

Our business is sensitive to consumer confidence and reductions in consumers' discretionary spending, which may result from challenging economic conditions, inflation, unemployment levels and other changes in the economy. Demand for entertainment and leisure activities is sensitive to consumers' disposable incomes, which can be adversely affected by economic conditions and unemployment levels. This could result in fewer patrons visiting our racetracks, HRM entertainment venues, online wagering sites, and ga ...

Live and Historical Racing 2 The Duchossois Group Share Repurchase • partially offset by a $4.6 million after-tax increase in interest expense associated with higher outstanding debt balances and higher interest rates. • Pre-opening expense; and | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------|-------|--------------------------------|---------------|----------------------------| | (Unaudited) \n(in millions, except per common sh ...

Investors are always looking for stocks that are poised to beat at earnings season and Churchill Downs Incorporated (CHDN) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Churchill Downs is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — i ...