A month has gone by since the last earnings report for Red Rock Resorts (RRR) . Shares have added about 1.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Red Rock Resorts due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Red Rock Resorts Q1 Earnings Top Estima ...

文章核心观点 - 公司正受益于强劲的客流量、拉斯维加斯业务的稳健表现以及人均消费的增长 [1][2][4][7] - 公司注重成本节约措施和开发项目,有利于推动增长 [1][4][8] - 但成本和费用的上升是一个担忧 [10][11] 公司概况 - 公司股价在过去6个月内上涨11.1%,而行业下跌0.6% [2] - 公司开设了新的高限额桌游和老虎机区域、酒吧和餐厅,获得良好反馈 [5] - 公司计划在Green Valley Ranch和Palace Station物业增加餐厅供给,并对Sunset Station物业进行升级改造 [6] 业务表现 - 拉斯维加斯业务是公司近几个季度的关键增长动力,该趋势将持续 [7] - 第一季度拉斯维加斯业务收入同比增长12.9%至4.856亿美元,调整后EBITDA同比增长7.3%至2.298亿美元 [7] 发展前景 - 公司看好长期发展前景,受益于有利的供需格局、人口增长趋势以及稳定的监管环境 [8] - 公司拥有441英亩可开发土地,为未来扩张提供了良好基础 [9] - 杜兰戈项目的开业验证了公司的长期增长战略和开发管线 [9] 风险因素 - 劳动力和商品成本上升持续影响公司 [10] - 公司对经济前景的不确定性保持谨慎,包括通胀、利率上升、能源成本上升以及地缘政治冲突等 [11]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37754 RED ROCK RESORTS, INC. (Exact name of registrant as specified in its charter) Delaware 47-5081182 (State ...

财务数据和关键指标变化 - 公司第一季度净收入为4.889亿美元,同比增长12.7% [11][12] - 公司第一季度调整后EBITDA为2.091亿美元,同比增长7.7% [11][12] - 公司第一季度调整后EBITDA利润率为42.8%,同比下降200个基点 [11][12] 各条业务线数据和关键指标变化 - 拉斯维加斯业务第一季度净收入为4.856亿美元,同比增长12.9% [11] - 拉斯维加斯业务第一季度调整后EBITDA为2.298亿美元,同比增长7.3% [11] - 拉斯维加斯业务第一季度调整后EBITDA利润率为47.3%,同比下降247个基点 [11] - 酒店和餐饮业务在第一季度创下历史最高收入和利润 [15][16] 各个市场数据和关键指标变化 - 公司看到当地、区域和全国各细分市场的访客量和投注额均保持强劲 [14] - 公司的活跃会员数库同比中高单位数增长 [40][41] - 公司在杜兰戈地区的新会员注册量占总新注册量的25% [39][41] 公司战略和发展方向及行业竞争 - 公司继续执行在现有物业投资的核心战略,为客户提供全新的设施和服务 [28][29][30] - 公司正在积极开发新的项目,包括北福克项目和杜兰戈的扩建计划 [31][63][64] - 公司对拉斯维加斯当地市场的长期人口增长和进入壁垒持乐观态度 [33] 管理层对经营环境和未来前景的评论 - 公司对当地市场和整个会员库的稳定性持乐观态度 [18][38][40] - 公司预计在第二季度仍将面临宫殿站和日落站物业的一些干扰 [18] - 公司对未来前景保持信心,并将继续投资现有物业以吸引更多客流 [29][30] 其他重要信息 - 公司在第一季度完成了两笔再融资交易,增强了财务灵活性 [24][25] - 公司董事会批准延长现有股票回购计划至2025年12月31日 [26] - 公司第一季度资本支出为9810万美元,全年预计为1.4亿至1.8亿美元 [27] - 公司宣布派发每股0.25美元的现金股利 [32] 问答环节重要的提问和回答 问题1 **Joe Greff 提问** 询问公司不同价位客户群的表现情况 [37][40][41] **Scott Kreeger 回答** 公司看到各客户群体的访客量、投注额和人均消费均呈现正增长 [40][41][42] 问题2 **Carlo Santarelli 提问** 询问剔除受干扰物业和杜兰戈的其他物业表现 [51][52] **Scott Kreeger 回答** 公司看到除受干扰物业外的其他物业保持稳定,略有上行空间 [52][53] 问题3 **David Katz 提问** 询问公司未来的扩张计划 [67][68][69] **Lorenzo Fertitta 回答** 公司计划在今年三季度底或四季度初开工北福克项目,并正在研究杜兰戈和Inspirada的扩建计划 [67][68]

Exhibit 99.1 Red Rock Resorts Announces First Quarter 2024 Results LAS VEGAS, May 7, 2024 (GLOBE NEWSWIRE) - Red Rock Resorts, Inc. (“Red Rock Resorts,” “we” or the “Company”) (NASDAQ: RRR) today reported financial results for the first quarter ended March 31, 2024. First Quarter Results Consolidated Operations • Net revenues were $488.9 million for the first quarter of 2024, an increase of 12.7%, or $55.3 million, from $433.6 million in the same period of 2023. • Net income was $78.4 million for the first ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-37754 ______________________________________________________________ RED ROCK RESORTS, INC. (Exact name of regist ...

Red Rock Resorts, Inc. (NASDAQ:RRR) Q4 2023 Earnings Conference Call February 7, 2024 4:30 PM ET Company Participants Stephen Cootey – Executive Vice President, Chief Financial Officer and Treasurer Frank Fertitta – Chief Executive Officer Lorenzo Fertitta – Vice Chairman Scott Kreeger – President Conference Call Participants Joe Greff – JPMorgan Carlo Santarelli – Deutsche Bank Shaun Kelley – Bank of America Jordan Bender – Citizens JMP Steve Wieczynski – Stifel Barry Jonas – Truist Securities Dan Politzer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37754 RED ROCK RESORTS, INC. (Exact name of registrant as specified in its charter) Delaware 47-5081182 (S ...

Red Rock Resorts, Inc. (NASDAQ:RRR) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Stephen Cootey - Executive Vice President, Chief Financial Officer & Treasurer Frank Fertitta - Chief Executive Officer Lorenzo Fertitta - Vice Chairman Scott Kreeger - President Conference Call Participants Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Jordan Bender - JMP Securities Steve Wieczynski - Stifel Barry Jonas - Truist Securities Dan Politzer ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-37754 RED ROCK RESORTS, INC. (Exact name of registrant as specified in its charter) Delaware 47-5081182 (State ...