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Monarch Casino & Resort(MCRI) - 2025 Q2 - Quarterly Results
2025-07-16 20:44
EXHIBIT 99.1 "At Atlantis, during the quarter we completed the multi-year $100 million redesign and upgrade of our hotel rooms. Our new luxury hotel rooms and suites are providing guests with an elevated and unmatched regional hospitality experience, resulting in market share gains. The U.S. News & World Report 2025 Best Hotels ranked Atlantis the No. 1 hotel in Reno. Monarch Casino & Resort Reports Record Second Quarter 2025 Financial Results "At Monarch Black Hawk, we continue to increase market share, es ...
Monarch Casino & Resort Reports Record Second Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-07-16 20:02
Core Viewpoint - Monarch Casino & Resort, Inc. reported record financial results for the second quarter of 2025, with significant increases in net revenue, net income, and adjusted EBITDA, driven by strong casino performance and operational efficiencies [2][6][7]. Financial Performance - Net revenue for Q2 2025 was $136.9 million, a 6.8% increase from $128.1 million in Q2 2024 [1][4]. - Net income rose to $27.0 million, reflecting a 19.1% increase compared to $22.7 million in the same quarter last year [1][6]. - Adjusted EBITDA reached $51.3 million, marking a 16.8% increase from $43.9 million in Q2 2024 [1][7]. - Basic EPS increased by 21.5% to $1.47, while diluted EPS rose by 21.0% to $1.44 [1][6]. Revenue Breakdown - Casino revenue increased by 12.1% year-over-year, contributing significantly to the overall revenue growth [2][4]. - Food and beverage revenue saw a modest increase of 1.1%, while hotel revenues declined by 3.1% due to reduced convention business [4]. Operational Efficiency - The company achieved an operating margin increase of approximately 320 basis points, resulting in an adjusted EBITDA margin of 37.5% [2]. - Selling, general and administrative (SG&A) expenses were $26.8 million, slightly up from $26.2 million in the prior year, but as a percentage of net revenue, SG&A decreased to 19.6% from 20.4% [5]. Capital Expenditures and Shareholder Returns - Capital expenditures for Q2 2025 totaled $12.4 million, funded from operating cash flow, including the completion of a $100 million redesign and upgrade of hotel rooms at Atlantis [8]. - The company paid a cash dividend of $0.30 per share on June 15, 2025, and has plans for ongoing dividends as part of an annual cash dividend strategy [9][12]. - Monarch repurchased 240,395 shares for $19.8 million under its Repurchase Plan, with authorization to buy up to 1,709,645 additional shares [10]. Market Position and Recognition - The redesign of hotel rooms at Atlantis has resulted in market share gains, with the hotel ranked as the No. 1 hotel in Reno by U.S. News & World Report [3]. - Monarch Black Hawk is increasing its market share among mid-to-upper-tier guests, with its restaurants receiving awards for excellence [4].
Monarch Casino Resort Spa’s “Spa Monarch” Nominated for USA Today's 10Best Readers' Choice Travel Awards
Globenewswire· 2025-07-14 18:27
Core Insights - Spa Monarch has been nominated for the USA TODAY 10Best Readers' Choice Awards as one of the top hotel spas in the nation for the third consecutive year, being the only hotel spa in Colorado to achieve this recognition [1][2] Company Overview - Monarch Casino & Resort, Inc. operates the four-diamond Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Black Hawk in Black Hawk, Colorado, approximately 40 miles west of Denver [5] Spa Offerings - Spa Monarch has enhanced its luxury wellness offerings with a menu that includes Ayurvedic-inspired therapies and high-altitude recovery treatments, distinguishing it from competitors [2] - New treatments at Spa Monarch include the Healing Sound Massage, Mountain Climber Massage, Coconut Poultice Massage, and Chakra Balancing therapies [9] Location and Amenities - Spa Monarch is located on the 23rd floor of the Monarch Casino Resort Spa, offering panoramic views of the Rocky Mountains and features such as an infinity pool, indoor and outdoor jetted spas, and five distinct dining options [4]
Exploring Analyst Estimates for Monarch Casino (MCRI) Q2 Earnings, Beyond Revenue and EPS
ZACKS· 2025-07-11 14:16
Core Insights - Analysts project Monarch Casino (MCRI) will report quarterly earnings of $1.22 per share, reflecting a 2.5% year-over-year increase [1] - Revenue is expected to reach $130.37 million, marking a 1.7% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Revenue Projections - 'Revenues- Other' is estimated at $5.37 million, showing a decline of 4% from the previous year [4] - 'Revenues- Hotel' is projected to be $18.40 million, indicating a decrease of 6.8% year-over-year [4] - 'Revenues- Food and Beverage' is expected to reach $32.20 million, reflecting a slight increase of 1.1% from the prior year [4] - 'Revenues- Casino' is forecasted to be $74.47 million, representing a year-over-year growth of 4.9% [5] Market Performance - Shares of Monarch Casino have increased by 5.6% over the past month, outperforming the Zacks S&P 500 composite, which rose by 4.1% [5] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [5]
Monarch Casino & Resort to Report 2025 Second Quarter Results After Market Close on July 16
Globenewswire· 2025-07-07 22:04
Company Overview - Monarch Casino & Resort, Inc. operates two main properties: Monarch Casino Resort Spa in Black Hawk, Colorado, and Atlantis Casino Resort Spa in Reno, Nevada [2] - The Monarch Black Hawk features 516 guest rooms and suites, approximately 60,000 square feet of casino space, and offers around 1,000 slot machines and 43 table games [3] - Atlantis Casino Resort Spa includes 817 guest rooms and suites, approximately 61,000 square feet of casino space, with about 1,200 slot and video poker machines and 33 table games [4] Upcoming Financial Results - The company will release its 2025 second quarter financial results after the market closes on July 16, 2025 [1]
Monarch Casino: Rolls A Double Beat And Keeps Gaining Share
Seeking Alpha· 2025-06-02 13:15
Group 1 - The company specializes in analyzing restaurant stocks in the U.S. market, covering various segments such as QSR, fast casual, casual dining, fine dining, and family dining [1] - Advanced analytical models and specialized valuation techniques are employed to provide detailed insights and actionable strategies for investors [1] - The founder actively engages in academic and journalistic initiatives, contributing to institutions that promote individual and economic freedom [1] Group 2 - The company has no stock, option, or similar derivative position in any of the companies mentioned, nor plans to initiate any such positions within the next 72 hours [2] - The article expresses the author's own opinions and is not receiving compensation from any company mentioned [2] - Seeking Alpha clarifies that past performance is not a guarantee of future results and that no investment recommendations are being made [3]
Personal finance app Monarch raises $75 million despite 'nuclear winter' for fintech startups
CNBC· 2025-05-23 12:31
Company Overview - Monarch, a personal finance startup, has raised $75 million to enhance subscriber growth following the shutdown of budgeting tool Mint [1] - The company is valued at $850 million after this funding round, which is one of the largest for an American consumer fintech startup this year [1] Product and Market Position - Monarch aims to provide an all-in-one mobile app for tracking spending, investments, and financial goals, filling the gap left by Mint [2] - The personal finance management space has seen limited innovation since the late 90s, with Monarch seeking to modernize how American families manage their finances [3] Subscriber Growth - Following the announcement of Mint's closure, Monarch experienced a 20-fold increase in its subscriber base as users looked for alternatives [3] - Unlike Mint, which was free, Monarch operates on a subscription model, allowing it to avoid reliance on advertising and data sales [4]
Monarch Casino & Resort(MCRI) - 2025 Q1 - Quarterly Report
2025-05-02 19:37
Financial Performance - For the three months ended March 31, 2025, net income totaled $19.9 million, reflecting an 8.7% increase compared to $18.3 million in the same period in 2024[104] - Net revenues for the same period increased by $3.7 million, or 3.1%, totaling $125.4 million compared to the prior year[104] - Casino revenue increased by 5.0% in Q1 2025, driven by a continued increase in market share[105] - Food and beverage revenue decreased by 0.5% due to a 0.7% decrease in covers, while revenue per cover increased by 0.2%[106] - Hotel revenue decreased by 0.4%, with an average daily rate (ADR) increase of $10.83, and occupancy rate rising to 80.9%[107] - Other revenue increased by 9.2%, primarily due to higher spa and commission revenues[108] Expenses and Cash Flow - SG&A expense increased to $27.2 million, but as a percentage of net revenue, it decreased to 21.7% from 22.3%[109] - Net cash provided by operating activities was $36.5 million, a decrease from $38.3 million in the same prior year period[114] - Cash paid for capital expenditures totaled $16.0 million in Q1 2025, down from $17.9 million in Q1 2024[112] Financing Activities - Net cash used in financing activities totaled $4.1 million, consisting of $5.5 million for dividends, partially offset by $1.4 million from stock options exercise[116] - The Company entered into an Amended Credit Facility of $100.0 million, extending the maturity date to January 1, 2028[117] - As of March 31, 2025, the Company had no outstanding principal balance under the Amended Credit Facility, with $99.4 million available for borrowing[118] Financial Ratios and Risk Management - The Total Leverage Ratio was 0.0:1.0 and the Fixed Charge Coverage Ratio was 49.2:1.0 as of March 31, 2025, exceeding the required ratios[119] - The interest rate under the Amended Credit Facility is SOFR plus a margin of 1.25% or a base rate plus a margin of 0.25% per annum[121] - The Company anticipates that operating cash flows will be sufficient to sustain operations for the next twelve months, but acknowledges potential risks that could impact cash flow[122] - The Company has not entered into derivative financial instruments for trading or speculative purposes, indicating a conservative approach to market risk[127] - As of March 31, 2025, the Company had no cash or cash equivalents subject to market risk[128]
Atlantis named #1 in Reno by U.S. News & World Report
Globenewswire· 2025-04-29 18:10
Top-ranked property boasts brand new hotel rooms and suites Atlantis Concierge Tower Room Atlantis Concierge Tower Room RENO, Nev., April 29, 2025 (GLOBE NEWSWIRE) -- Atlantis Casino Resort Spa has been named the No. 1 hotel in Reno by U.S. News & World Report, the global authority in rankings and consumer advice. The publication evaluated more than 31,000 properties across the United States, Europe, Bermuda, Mexico, Canada and the Caribbean for its 15th annual rankings. U.S. News is the only organizatio ...
Here's What Key Metrics Tell Us About Monarch Casino (MCRI) Q1 Earnings
ZACKS· 2025-04-22 22:30
Core Insights - Monarch Casino reported revenue of $125.39 million for Q1 2025, a year-over-year increase of 3.1% and an EPS of $1.05 compared to $0.93 a year ago, exceeding Zacks Consensus Estimate of $123.27 million by 1.73% [1] - The company delivered an EPS surprise of 0.96%, with the consensus EPS estimate being $1.04 [1] Revenue Breakdown - Other Revenues: $5.77 million, exceeding the estimated $5.07 million, representing a year-over-year increase of 9.2% [4] - Hotel Revenues: $16.71 million, slightly above the estimated $16.37 million, showing a minor decline of 0.4% year-over-year [4] - Food and Beverage Revenues: $30.02 million, below the estimated $31.10 million, reflecting a decrease of 0.5% year-over-year [4] - Casino Revenues: $72.90 million, surpassing the estimated $70.77 million, with a year-over-year increase of 5% [4] Stock Performance - Monarch Casino's shares have returned -9.1% over the past month, compared to the Zacks S&P 500 composite's -8.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]