Total revenue for the third quarter 2022 was $88.7 million, an increase of $12.3 million or 16.1%, compared to $76.4 million in the same period last year. There are five additional venues committed and scheduled to open in 2023.” We continue to gain a clear proof of concept with our Puttery brand. Our newest Puttery opened on November 4 th in Chicago, IL. Puttery Houston opened on September 16 th, and while they are still in their initial stages of operations, their key metrics are aligning closely to our other venues. Khouri continued, “Puttery delivered another quarter of great results, with event revenue trending ahead of our expectations. We have seen the demand for future events across both the corporate and social categories continue to rise, which will translate into strong revenue results in the back half of this year.” “Event revenue this quarter is over $3 million higher than prior year. Drive Shack’s performance was slightly lower than last year driven mostly by weather,” said Drive Shack Inc.’s President and Chief Executive Officer Hana Khouri. “Our sales results this quarter reflect the strong momentum we continue to see across American Golf and Puttery.
(the “Company”) (NYSE: DS), a leading owner and operator of golf-related leisure and entertainment businesses, today reported its financial results for the three and nine months ended September 30, 2022.
Puttery Venues Delivered Total Revenue of $6.6 Million in Third Quarter 2022ĭrive Shack Inc.
Third Quarter 2022 Total Company Revenue of $89 Million, Up 16% Compared to Third Quarter 2021 Led by Increased Event Sales and New Puttery VenuesĪmerican Golf Event Revenue up 51% and Drive Shack Event Revenue Up 22% Compared to Third Quarter 2021
0 kommentar(er)
