Live Nation reported first-quarter revenue of $3.79 billion, a 12.1% increase from a year earlier and 6.1% above analyst expectations. The company, which owns Ticketmaster and operates music festivals such as EDC, also exceeded earnings per share and adjusted operating income forecasts. Among the ten consumer discretionary leisure facilities stocks tracked, the group as a whole beat revenue estimates by 2.5% and provided in-line guidance for the next quarter. AMC Entertainment posted the strongest quarter with revenue of $1.60 billion, up 14.2% and 8.7% ahead of estimates, while Dave & Buster's was the weakest, with revenue falling 1.5% to $559.2 million and missing estimates by 3.1%. Planet Fitness revenue grew 21.9% to $337.2 million, topping estimates by 12.4%, and Callaway Golf Company revenue rose 9.2% to $687.5 million, beating estimates by 5.5% and raising full-year guidance.
Callaway Golf Company
Dave & Buster’s Entertainment
Planet Fitness IncLive Nation Entertainment IncQ1 revenue beat estimates by 6.1% and exceeded EPS and adjusted operating income forecasts.
AMC Entertainment Holdings Inc