secwatch.observer — SEC 8-K summary
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Issuer:     PENN Entertainment, Inc. (PENN)
CIK:        0000921738
Form:       8-K
Filed at:   2024-10-07T23:59:59+00:00
Accession:  0001140361-24-042970
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PENN Entertainment prelim Q3: Retail EBITDAR $465-475M, Interactive EBITDA guidance improved to $(90)-$(100)M
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- Retail Operations Adjusted EBITDAR estimated $465M-$475M for Q3 2024, vs Q3 2023 which had $14M Hurricane Laura insurance benefit.
- Interactive Adjusted EBITDA guidance raised to $(90)-$(100)M from prior $(115)-$(135)M, driven by better hold and lower promotions.
- Retail results negatively impacted by ~$10M unfavorable hold in Northeast and weather/remodeling disruptions in South.
- Full Q3 2024 financial results scheduled for release on November 7, 2024 with a conference call at 9:00 a.m. ET.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921738/000114036124042970/0001140361-24-042970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921738/000114036124042970/ef20036772_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-042970

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