ClubCorp Holdings (MYCC) Misses Q3 EPS by 13c; Comps Rose 1.7%

ClubCorp Holdings (NYSE: MYCC) reported Q3 EPS of $0.02, $0.13 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $251.4 million versus the consensus estimate of $252.26 million.

Same-store revenue was up $3.3 million, or 1.7%, driven primarily by higher dues revenue; while same-store adjusted EBITDA grew $1.9 million, or 3.6%, due to increased revenue and favorable operating expenses as a percentage of revenue. Same-store flow-through was 57%.

Total club memberships, excluding managed clubs, as of September 8, 2015 were 175,162, an increase of 29,528, up 20.3%, over memberships at September 9, 2014. Same-store golf and country club memberships, excluding managed clubs, decreased 0.1%, while total golf and country club memberships, excluding managed clubs, increased 32.8%. Same-store business, sports and alumni club memberships, excluding managed clubs, declined 1.4%, while total business, sports and alumni club memberships, excluding managed clubs, increased 0.5%. Total club memberships, including managed clubs, as of September 8, 2015 were 184,891.

For earnings history and earnings-related data on ClubCorp Holdings (MYCC) click here.

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