secwatch.observer — SEC 8-K summary
======================================

Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000921738-22-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PENN Q3 revenue $1.6B (+7.5%), net income $123.2M; reaffirms FY2022 guidance
----------------------------------------------------------------------------

- Revenues of $1.625B, up 7.5% YoY; net income $123.2M ($0.72 diluted EPS) vs $86.1M ($0.52).
- Adjusted EBITDAR of $471.9M, down 1.7% YoY; adjusted EBITDA $440.4M, up 20.9% YoY.
- Reiterated FY2022 revenue guidance $6.15B-$6.55B and adjusted EBITDAR $1.875B-$2.0B.
- Repurchased $168M of stock in Q3 at avg price $31.40; remaining authorization $211.1M.
- Announced ~$850M in new retail growth projects in IL, OH, NV with up to $575M GLPI financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000047/0000921738-22-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000092173822000047/penn-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000921738-22-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer