Latest news with #LuxuryHotels
Yahoo
5 days ago
- Business
- Yahoo
Wynn Resorts (NASDAQ:WYNN) Misses Q2 Sales Targets
Luxury hotels and casino operator Wynn Resorts (NASDAQ:WYNN) fell short of the market's revenue expectations in Q2 CY2025, with sales flat year on year at $1.74 billion. Its non-GAAP profit of $1.09 per share was 9% below analysts' consensus estimates. Is now the time to buy Wynn Resorts? Find out in our full research report. Wynn Resorts (WYNN) Q2 CY2025 Highlights: Revenue: $1.74 billion vs analyst estimates of $1.75 billion (flat year on year, 0.6% miss) Adjusted EPS: $1.09 vs analyst expectations of $1.20 (9% miss) Adjusted EBITDA: $446.3 million vs analyst estimates of $551.7 million (25.7% margin, 19.1% miss) Operating Margin: 15.2%, in line with the same quarter last year Market Capitalization: $11.1 billion Company Overview Founded by the former Mirage Resorts CEO, Wynn Resorts (NASDAQ:WYNN) is a global developer and operator of high-end hotels and casinos, known for its luxurious properties and premium guest services. Revenue Growth A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Regrettably, Wynn Resorts's sales grew at a tepid 9.9% compounded annual growth rate over the last five years. This was below our standard for the consumer discretionary sector and is a tough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new product or trend. Wynn Resorts's annualized revenue growth of 19.1% over the last two years is above its five-year trend, suggesting its demand recently accelerated. Note that COVID hurt Wynn Resorts's business in 2020 and part of 2021, and it bounced back in a big way thereafter. We can dig further into the company's revenue dynamics by analyzing its three most important segments: Casino, Hotel, and Dining and Entertainment, which are 60.5%, 16.7%, and 15% of revenue. Over the last two years, Wynn Resorts's revenues in all three segments increased. Its Casino revenue (Poker, slots) averaged year-on-year growth of 48.1% while its Hotel (overnight bookings) and Dining and Entertainment (food, beverage, Wynn Interactive) revenues averaged 12.2% and 3%. This quarter, Wynn Resorts's $1.74 billion of revenue was flat year on year, falling short of Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 1.6% over the next 12 months, a deceleration versus the last two years. This projection is underwhelming and indicates its products and services will face some demand challenges. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Wynn Resorts's operating margin might fluctuated slightly over the last 12 months but has generally stayed the same, averaging 14.8% over the last two years. This profitability was solid for a consumer discretionary business and shows it's an efficient company that manages its expenses well. In Q2, Wynn Resorts generated an operating margin profit margin of 15.2%, in line with the same quarter last year. This indicates the company's overall cost structure has been relatively stable. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Wynn Resorts's full-year EPS flipped from negative to positive over the last five years. This is encouraging and shows it's at a critical moment in its life. In Q2, Wynn Resorts reported adjusted EPS at $1.09, down from $1.12 in the same quarter last year. This print missed analysts' estimates, but we care more about long-term adjusted EPS growth than short-term movements. Over the next 12 months, Wall Street expects Wynn Resorts's full-year EPS of $5.48 to shrink by 14.9%. Key Takeaways from Wynn Resorts's Q2 Results We struggled to find many positives in these results. Its EPS missed and its EBITDA fell short of Wall Street's estimates. Overall, this was a softer quarter. The stock traded down 2% to $105 immediately following the results. Wynn Resorts didn't show it's best hand this quarter, but does that create an opportunity to buy the stock right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Wynn Resorts (WYNN) To Report Earnings Tomorrow: Here Is What To Expect
Luxury hotels and casino operator Wynn Resorts (NASDAQ:WYNN) will be reporting results this Thursday after market close. Here's what investors should know. Wynn Resorts missed analysts' revenue expectations by 1.8% last quarter, reporting revenues of $1.7 billion, down 8.7% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EPS estimates and a miss of analysts' EBITDA estimates. Is Wynn Resorts a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Wynn Resorts's revenue to be flat year on year at $1.75 billion, slowing from the 8.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.20 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 9 analysts). Wynn Resorts has missed Wall Street's revenue estimates three times over the last two years. Looking at Wynn Resorts's peers in the casino operator segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Red Rock Resorts delivered year-on-year revenue growth of 8.2%, beating analysts' expectations by 8.4%, and Monarch reported revenues up 6.8%, topping estimates by 5.4%. Red Rock Resorts traded up 9.2% following the results while Monarch was also up 20.4%. Read our full analysis of Red Rock Resorts's results here and Monarch's results here. Investors in the casino operator segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Wynn Resorts is down 1.1% during the same time and is heading into earnings with an average analyst price target of $119.24 (compared to the current share price of $107.51). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Bloomberg
25-07-2025
- Business
- Bloomberg
Africa, the New Frontier for Ultra-Luxury Tourism
Welcome to Next Africa, a twice-weekly newsletter on where the continent stands now — and where it's headed. Sign up here to have it delivered to your email. Luxury hotels in Africa are emerging as a hot asset class for the rich and powerful.
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Travel + Leisure
27-06-2025
- Entertainment
- Travel + Leisure
This Las Vegas Hotel Pool Is Transforming Into a French Riviera-inspired, Champagne-filled Pop-up This Summer
As temperatures heat up in Las Vegas, one hotel is offering guests a way to cool off in style. The Fontainebleau, Las Vegas' recently opened 67-story luxury behemoth (and an It List 2024 pick), has unveiled the pop-up Sun Club, just in time for sunbathing season. Located on the hotel's third-floor pool deck, the Sun Club has taken over the adults-only Legacy Pool. This quieter, more secluded area is sectioned off from the rest of the six-acre pool deck and is ideal for special occasions or for those who simply want to kick back by the pool with a glass of bubbly. Speaking of bubbles: the Sun Club marks an exclusive partnership between Fontainebleau and Veuve Clicquot, the historic French champagne house. While this is the first pop-up of its kind in the U.S., previous Sun Clubs have made appearances at Europe's most popular resort destinations like Ibiza, Mykonos, Saint-Tropez, and Capri. Hotels like the Well Beach Club Vale do Lobo in Portugal, Roc Seven Biarritz in France, and Pesce Terrazza Forte dei Marmi in Italy have all welcomed the brand's iconic yellow-and-white striped umbrellas. And now, it's Vegas's turn. The Sun Club fits right into Vegas' buzzy summer pool scene, where guests take poolside lounging quite seriously. From staking out daybeds to keeping hydrated (a must in the intense desert heat), there's certainly an art to pool life in Vegas. Now, the Sun Club is making sure travelers stay classy as they sip and sun. The pop-up's distinct, summery look is the work of French design studio Marcel Poulain, who is also responsible for Sun Club's other iterations in Rome and Forte dei Marmi, Italy. With colorful umbrellas and candy-striped lifebuoys that double as ice buckets, the Sun Club is a full visual immersion into the brand's newest cuvées, Rich and Rich Rosé, alongside classics like Veuve Clicquot Yellow Label and Veuve Clicquot Rosé (available by the glass or bottle). The crisp, sparkling wines come ice cold, and can be sipped either in the privacy of your daybed or cabana, or at the Legacy Pool's intimate 10-seat bar—so, in other words, come thirsty! An exclusive pairing menu has items like La Côte Caesar Salad, a grilled chicken club sandwich, and a tropical fruit plate, which you can order straight to your cabana. In the mood for something more substantial? The hotel's open-air, French Riviera-inspired restaurant, La Côte, is just steps away. The Sun Club will be open daily from 8 a.m. to 7 p.m. and will offer the Legacy Pool's full lineup of daybeds and cabanas, tucked amidst swaying palms and green hedges. If you end up renting a cabana, be sure to clear your schedule—once you're settled in with your glass of champagne, you won't want to do much else the rest of the day.
Trade Arabia
10-06-2025
- Business
- Trade Arabia
Sofitel teams up with Cordelia de Castellane for chic new uniforms
Sofitel, a pioneer of French luxury hotels since 1964, said it has teamed up with leading fashion designer Cordelia de Castellane to create a new closet for all employees at its 120-plus hotels worldwide. With her experience of the most prestigious French luxury houses, Cordelia brings a touch of modernity and sophistication to this collection, while preserving the finest standards of French craftsmanship. Conceived as a celebration of the brand's hotel teams - 25,000 employees worldwide - and the culture of personalized service inherited from the French art of hospitality, this collaboration embodies the very essence of French elegance. The inspiration underpinning this new collection draws directly from the unique creative world of Cordelia de Castellane, a designer whose work is marked by a fusion of tradition and modernity. Her vision of luxury combines timeless elegance with creative audacity, subtly blending classic and contemporary elements. With its flowing, resolutely Parisian cuts, accessories and unostentatious elegance, it breaks with the monotony often associated with traditional uniforms, offering instead a bold and authentic expression of French chic. The partnership marks a key milestone in Sofitel's ongoing renaissance, as the brand continues its global expansion with 32 new openings planned over the next three years. All of these properties embody the Sofitel spirit, blending French zest with local cultural richness, a commitment symbolized by the 'Cultural Link', the iconic logo creating a bridge between world's cultures, said the statement. The new Vestiaire features the graphic Sofitel logo in a collection of exclusive prints, transforming Sofitel's visual signature into a luxurious monogram, it stated. Designed with flexibility in mind, the Sofitel wardrobe introduces a fresh fashion-forward approach tailored to every role and destination. Under the artistic direction of Cordelia de Castellane, the collection seamlessly blends timeless silhouettes with practical needs, offering a variety of noble fabrics, textures, and color palettes suitable for both city hotels and resorts, said the top French hotel brand. Each piece has been crafted using flexible and durable materials - internationally tested across pilot hotels - to meet the everyday needs of hotel staff. The wardrobe adapts to all body types, roles, and climates, ensuring both comfort and elegance. In line with Sofitel's CSR commitments, each uniform is made from quality materials built to withstand daily demands while remaining effortlessly elegant, thanks to refined details and impeccable finishes, it stated. This wardrobe also reflects Sofitel's dedication to responsible luxury. Developed in partnership with Paris Good Fashion, the initiative ensures every step of production respects principles of sustainability, repairability, and recyclability — reducing environmental impact and contributing to more responsible resource management. "The Sofitel Vestiaire is much more than a uniform: it's a manifesto. It's a tribute to our teams, who are the first to embody the renaissance of Sofitel. It reflects the joy of embracing a brand, the pride of being its ambassador, and the desire to wear our values in silk, knit, or cotton," remarked Maud Bailly, CEO of Sofitel Legend, Sofitel, MGallery and Emblems. "We want this wardrobe to be emotionally resonant, exacting and refined, but also effortlessly chic. That's why we needed a visionary. This partnership with Cordelia de Castellane is the meeting of two visions of luxury, united by a shared passion for exceptional design," he added. On the key partnership, Cordelia de Castellane said: "For me, Sofitel is a madeleine de Proust. It brings back childhood memories, iconic hotels, and a very specific vision of French luxury. Sofitel is more than a hotel brand - it's a way of life, a natural elegance paired with a deep openness to the world." "Paris was a major inspiration for this collection - because Paris means effortless chic, cultural richness, precision tailoring, and that uniquely bold creativity," she stated.
