ClubCorp Holdings (MYCC) Misses Q1 EPS by 4c

ClubCorp Holdings (NYSE: MYCC) reported Q1 EPS of ($0.13), $0.04 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $214.9 million versus the consensus estimate of $207.98 million.

Same Store Clubs revenue was up $7.9 million, up 4.0% to $206.4 million, driven by increases across all three major revenue streams: dues revenue up 3.8%, a la carte and private events food & beverage revenue up 5.2%, and golf operations revenue 3.1%. Same-store adjusted EBITDA grew $3.9 million, up 7.4% to $56.6 million, due to increased revenue and favorable operating expenses as a percentage of revenue. Adjusted EBITDA margin increased 90 bps to 27.4% for same-store combined clubs.

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

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