PENN Entertainment Inc

PENN: XNAS (USA)

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Penn: Adjusting Our Retail EBITDAR Margin Forecast for Competition and Ramp-Up of New Properties

Dan Wasiolek

Sep 29, 2025

We have reduced our 2025, 2026, and 2027 retail EBITDAR margin outlook for Penn Entertainment to 33.3%, 33.6%, and 34.8%, respectively, from 33.7%, 34.4%, and 35.2%. The revision is driven by lasting competition in the company's South region and temporary costs from property launches in the Midwest.

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PENN Entertainment Inc

Penn: Adjusting Our Retail EBITDAR Margin Forecast for Competition and Ramp-Up of New Properties

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