Drive Shack (DS) Reports Q3 Loss of $0.23, Revenues Miss

Drive Shack (NYSE: DS) reported Q3 EPS of ($0.23), versus $0.00 reported last year. Revenue for the quarter came in at $87.42 million versus the consensus estimate of $88.23 million.

Board of Directors is excited to announce the addition of Ken May and David Hammarley to the management team to further drive the growth of the business. Ken May, who joins the Company as Chief Executive Officer and President, was most recently the Chief Executive Officer of Topgolf. During his 4 years at Topgolf, he oversaw 24 openings and a quadrupling of the company’s workforce. “Ken has a proven track record as a golf entertainment innovator and operator,” said Wes Edens, Drive Shack’s Chairman of the Board of Directors. “We will greatly benefit from his leadership and experience, which is second to none in the golf entertainment arena.”

For earnings history and earnings-related data on Drive Shack (DS) click here.

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