Penn Earnings: Digital Shines, While Retail Competitive Headwinds Should Ease; Shares Undervalued

Penn's total revenue grew 4%, and EBITDAR margins expanded to 19.7% from 15.9%. Interactive sales were up 40%, and EBITDA losses improved to $89 million from $196 million last year. Retail sales and margins were down 1.5% and 100 basis points, respectively, affected by weather and competition.