Overview

* Canterbury Park ( CPHC ) Q3 revenue falls 5% yr/yr, impacted by reduced casino revenues

* Net income for Q3 declines significantly, impacted by prior year land transfer gain

* Adjusted EBITDA for Q3 decreases, reflecting lower casino revenue and stable expenses

Outlook

* Company did not provide specific financial guidance for future quarters or full year

Result Drivers

* CASINO REVENUE DECLINE - Reduced casino revenues due to increased competition and low hold early in the quarter

* FOOD & BEVERAGE GROWTH - Strong growth in food and beverage revenues driven by new point-of-sale system and increased transactions

* OPERATING EFFICIENCIES - Efforts to improve operating efficiencies, particularly in labor, helped manage expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $18.32

Revenue mln

Q3 EPS $0.10

Q3 Net $487,000

Income

Q3 $2.81

Adjusted mln

EBITDA

Q3 Basic $0.10

EPS

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)