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Churchill Downs (CHDN)
NASDAQ:CHDN
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
3.02Last Year’s EPS
2.89Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -11.24%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted record financial performance and successful project completions, such as the Owensboro HRM venue and Kentucky Derby enhancements. However, challenges included a pause on a major project due to economic uncertainties and softness in certain segments. The company remains committed to strategic growth and capital management.Company Guidance
During the Churchill Downs Incorporated 2025 First Quarter Earnings Conference Call, the company reported record first quarter net revenue of $643 million and record first quarter adjusted EBITDA of $245 million, despite challenges such as material weather events, an uncertain economic environment, and one less day in the quarter due to 2024 being a leap year. The Owensboro HRM venue opened successfully on time and below budget, contributing positively to the results. The company decided to temporarily pause a $900 million multiyear project at Churchill Downs Racetrack due to economic uncertainties and potential cost increases, but announced two smaller renovation projects at a cost of $25 to $30 million. The Virginia HRM properties showed mixed results with a decrease in adjusted EBITDA, but the Rose Gaming Resort demonstrated good progress. The company generated $234 million or $3.15 per share of free cash flow in the first quarter, with reduced 2025 capital expenditure projections due to the paused project. They repurchased nearly 800,000 shares and paid dividends, returning almost $120 million to shareholders. Overall, the company remains committed to strategic investments and expects the upcoming 151st Kentucky Derby to deliver results comparable to the previous year.Record First Quarter Financial Performance
Churchill Downs Incorporated delivered record first quarter net revenue of $643 million and record first quarter adjusted EBITDA of $245 million, marking strong performance despite various challenges.
Successful Opening of Owensboro HRM Venue
The Owensboro HRM venue was opened on time and below budget, featuring 600 HRMs, a retail sportsbook, and simulcast wagering. The property is on track to deliver a great return for shareholders.
Completion of Kentucky Derby Starting Gate Pavilion
The Starting Gate Pavilion and Courtyard project was completed on time and on budget, adding 8,500 new reserved premium stadium and trackside box seats, enhancing the guest experience.
HRM Expansion and Performance
Significant progress in HRM venues, with new developments in Virginia and Kentucky, including the Richmond expansion and the forthcoming Roshire Gaming Parlor. The Exacta technology acquisition has improved performance and expanded third-party operations.
Strong Free Cash Flow Generation
Generated $234 million or $3.15 per share of free cash flow in the first quarter, indicating robust cash flow from operations.
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CHDN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CHDN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | $105.04 | $87.99 | -16.23% |
| Feb 19, 2025 | $119.54 | $119.05 | -0.41% |
| Oct 23, 2024 | $133.74 | $139.73 | +4.48% |
| Jul 24, 2024 | $136.85 | $137.56 | +0.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Churchill Downs (CHDN) report earnings?
Churchill Downs (CHDN) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Churchill Downs (CHDN) earnings time?
Churchill Downs (CHDN) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CHDN EPS forecast?
CHDN EPS forecast for the fiscal quarter 2025 (Q2) is 3.02.
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