Monarch Casino: Q2 Earnings Snapshot
The Reno, Nevada-based company said it had net income of $1.44 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The casino operator posted revenue of $136.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $130.4 million.
_____
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
20 minutes ago
- New York Post
Pop Mart shares surge 12% after CEO says mini Labubus could launch as soon as this week
Shares of Labubu maker Pop Mart surged nearly 12% Wednesday after the company announced it would soon launch mini versions of its wildly-popular dolls as early as this week. Pop Mart CEO Wang Ning said during an earnings call that the new mini Labubu monsters will be made to hang off phones. The stock, which trades on the Hong Kong exchange, soared 11.9% to close at $40.75 — the highest level since Pop Mart went public in 2020. 3 Pop Mart announced it would soon launch mini Labubu dolls. AP Previous new releases from Pop Mart have sold out in minutes, causing the website to crash. Wang, who founded the toymaker in 2010, said Pop Mart is on track to meet its revenue goal of 20 billion yuan, or $2.78 billion, and that $4.18 billion 'this year should also be quite easy.' While most of Pop Mart's revenue comes from China, it has seen rapid growth in the Americas region in the first half of this year – with revenue jumping 1,142% from the year before. 'I think for overseas markets we're still very positive, and we also believe there's still very broad space for growth,' Wang said. Pop Mart currently has about 40 stores in the US, and it plans to launch a phase of 'relatively rapid store openings' – with 10 more US shops to open by the end of this year. The Chinese toymaker said Tuesday that its profit soared nearly 400% in the first half of the year. 3 People line up for the opening of Germany's first shop for Labubu dolls. AP Shares in the company have jumped more than 200% so far this year, pushing the Beijing-based company's market cap to over $46 billion – dwarfing Mattel's $5.7 billion value. The Labubu craze has been partially fueled by Pop Mart's move to sell them in 'blind boxes' – so shoppers don't know the exact color of their Labubu until they open the package. Videos of these 'unboxings' have gone viral online, and celebrities like K-pop singer Lisa, Rihanna and even soccer legend David Beckham have jumped on the trend – dangling Labubus from their designer bags and car keys. Charlie Gasparino has his finger on the pulse of where business, politics and finance meet Sign up to receive On The Money by Charlie Gasparino in your inbox every Thursday. Thanks for signing up! Enter your email address Please provide a valid email address. By clicking above you agree to the Terms of Use and Privacy Policy. Never miss a story. Check out more newsletters The dolls have been sold out in stores around the world, and resales can fetch hundreds or even thousands of dollars on online marketplaces like eBay. That's created a market for knockoffs called 'Lafufus' – though US regulators issued an urgent warning Monday that the fakes 'break apart easily' and can 'pose a serious risk of choking and death to young children.' 3 Labubu dolls have been sold out in stores around the world. REUTERS The demand for Labubus helped Pop Mart post net profit of $636 million, a 396.5% spike compared to the same period in 2024 – handily beating estimates of a 350% rise over the entire year, the company said Tuesday. Revenue skyrocketed 204.4% to roughly $1.93 billion, far stronger than the 62% growth seen in the same period last year.
Chicago Tribune
20 minutes ago
- Chicago Tribune
FTC sues LA Fitness operators for ‘exceedingly difficult' gym cancellation policies
NEW YORK — The U.S. Federal Trade Commission is suing the operators of LA Fitness, over allegations that they make it 'exceedingly difficult' for consumers to cancel gym memberships and other related services offered in their clubs nationwide. In a Wednesday complaint, the FTC accused Fitness International and its subsidiary Fitness & Sports Clubs of illegally charging consumers 'hundreds of millions of dollars in unwanted recurring fees' as a result of cumbersome cancellation processes. The agency said that tens of thousands of customers have reported difficulties with these policies to date. 'The FTC's complaint describes a scenario that too many Americans have experienced — a gym membership that seems impossible to cancel,' Christopher Mufarrige, director of the agency's Bureau of Consumer Protection, said in a statement. Beyond LA Fitness, California-based Fitness International operates brands like Esporta Fitness, City Sports Club, and Club Studio — spanning across more than 600 locations with over 3.7 million members nationwide. And the FTC pointed to two 'unfair and unlawful' cancellation processes that it says these gyms have used for years: in-person cancellation or cancellation by mail. Both of these options require consumers to print out a form on the gym's website, which includes logging in with credentials that the agency says some customers don't have or remember. And if a customer opts for in-person cancellation, there's limited hours and often difficulty finding a manager to process the forms, the complaint notes — while mailing the form comes with additional costs. 'Each of these cancellation methods is opaque, complicated, and demanding — far from simple,' the FTC writes in its complaint. It also alleges that the company doesn't adequately disclose cancellation offerings when consumers sign up for memberships, and that some will be signed up for additional services with recurring charges without realizing there may be different cancellation requirements. According to the FTC, Fitness International now offers website cancellations for subscriptions 'with stand-alone agreements' — but the agency said the process 'still imposes unnecessary burdens' on customers and claims that that option is buried online. It's also still not possible to cancel memberships on the company's mobile apps, the FTC added. Fitness International did not immediately respond to The Associated Press' request for comment on Wednesday. This isn't the first time that federal regulators have accused gym operators — and other companies with subscription services — of making their cancellation processes too difficult for consumers. Under the Biden administration, the FTC adopted a 'click to cancel' rule, which would have made it easier for consumers to end unwanted subscriptions. But last month, days before that rule was poised to go into effect, a federal appeals court blocked the proposed changes. In its litigation against Fitness International, the FTC says it's seeking a court order prohibiting the allegedly unfair conduct and money back for consumers who were harmed by difficult cancellation processes.
Business Wire
20 minutes ago
- Business Wire
Air Lease Announces Delivery of Two New Airbus A321-200neo Aircraft to China Airlines
LOS ANGELES--(BUSINESS WIRE)--Air Lease (NYSE: AL) announced today the lease and delivery of two additional new Airbus A321-200neo aircraft to China Airlines, marking the seventh and eighth new A321neos to deliver to the airline on long-term lease from Air Lease's orderbook with Airbus. The two new aircraft delivered to the Taiwan-based carrier on August 16 th and August 20 th. 'We are pleased to lease and deliver these two additional new A321neos to our valued long-term customer, China Airlines, to help with their further fleet development and expansion,' said John L. Plueger, Chief Executive Officer and President of Air Lease. China Airlines stated that in response to growing travel demand, the airline continues to steadily expand fleet capacity and optimize its route network. By introducing leased A321neo aircraft, China Airlines is implementing the strategy for steady global network development and fleet modernization, delivering exceptional inflight services and maintaining market competitiveness. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the anticipated fleet development and expansion of our customers. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission. About Air Lease (NYSE: AL) Air Lease is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world. Air Lease and its team of dedicated and experienced professionals are principally engaged in purchasing new commercial aircraft and leasing them to its airline customers worldwide through customized aircraft leasing and financing solutions. The company routinely posts information that may be important to investors in the 'Investors' section of its website at Investors and potential investors are encouraged to consult Air Lease's website regularly for important information. The information contained on, or that may be accessed through, Air Lease's website is not incorporated by reference into, and is not a part of, this press release. About China Airlines China Airlines (CAL) was founded in 1959. The Taiwan-based carrier now employs more than 10,000 people worldwide and the Group's fleet has grown to 115 aircraft. A longstanding supporter of environmental protection and socio-economic development, China Airlines embraces corporate sustainability and strives to become the leading airline in the Asia-Pacific and fly worldwide by providing every traveler with the utmost flying experience. China Airlines is one of the 18 carriers that make up the SkyTeam Alliance, providing passengers with access to an extensive global network of more than 13,600 daily flights to 1,000 destinations in 160 countries. China Airlines continuously delivers a safe, high-quality, eco-friendly, and innovative flying experience, ensuring a comfortable journey and peace of mind for travelers and creating more wonderful moments through flying. As the leading air cargo carrier in the Taiwanese market, China Airlines Cargo Services provide consignors with a reliable, convenient transportation service that is always being improved. For more information, please visit:
