Description
Wynn Resorts is a luxury hospitality and entertainment company that operates high-end hotels, casinos, and resorts in the United States and internationally.
This report includes Public Quarterly Reports Calendar FY24-25, Highlights and Metrics, Business Outlook, TradingView Retrospective Q2FY24 and Financial Statements.
Goals and Objectives of the Research
Research Objective: To perform a comparative analysis of the Q2FY24 quarterly report and those of previous periods.
Research Tasks:
- Gather comprehensive financial and corporate information pertaining to the company for Q2FY24;
- Analyze the collected information;
- Conduct a comparative assessment of the Q2FY24 report with the reports from previous quarters of the current fiscal year and Q2FY23;
- Formulate conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
The provided public company quarterly reports are unaudited.
Document Markup
- FY - Financial Year;
- Q - Quarter;
- WR - Wynn Resorts Limited;
- QoQ - Quarter-over-Quarter;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- Wynn Resorts Limited Q2FY24 Report Period is from April 1 to June 30, 2024.
Short Insights
- Wynn Macau, Limited (WML) generates cash from Macau Operations and may use the WM Cayman II Revolver for working capital. This cash will service WML debts, pay dividends (Wynn owns ~72%), and fund WML and Macau Operations' needs.
- Operating revenue of $1,732.9 million decreased by 6.98% from $1,862.9 million in Q1 FY24, but increased by 8.59% from $1,595.8 million in the prior-year period.
- Total stockholders' deficit of $901.962 million decreased by 4.69% from $946.380 million in Q1 FY24 and by 40.16% from $1.507.164 million in the prior-year period.
