On May 7, Wynn Resorts
- Results for this quarter include Wynn Macau, which opened in September 2006.
- The company is constructing the $2.1 billion Encore on the Las Vegas Strip, expected to open in early 2009.
- Table drop at Wynn Las Vegas was well above management's expectations, at 28%. Did Wynn get lucky again?
- Wynn carries a two-star rating (out of five) in Motley Fool CAPS, while competitors Las Vegas Sands
(NYSE:LVS) and MGM Mirage(NYSE:MGM) have three-star ratings.
(Figures in millions, except per-share data)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$635.3 |
$277.2 |
129.2% |
Net Profit |
$58.4 |
($11.4) |
N/A |
EPS |
$0.54 |
($0.12) |
N/A |
Diluted Shares |
112.3 |
98.7 |
13.8% |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
EBITDA Margin |
17.5% |
28.5% |
(11.0) |
Operating Margin |
17% |
3.5% |
13.5 |
Net Margin |
9.2% |
(4.1%) |
13.3 |
Margins are the earnings engine. See how they work.
Balance Sheet HighlightsNo data available.
Learn the ways of the balance sheet.
Wynn Las Vegas Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Occupancy |
96.2% |
95.5% |
0.7%* |
ADR |
$310 |
$293 |
5.8% |
$298 |
$279 |
6.8% |
|
Table Hold |
27.6% |
19.8% |
7.8%* |
Related Foolishness:
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