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Wire

Penn Entertainment Shareholders Vote for Board Declassification, Union Says

Penn Entertainment (PENN) shareholders approved an advisory proposal to declassify the company's board of directors at its annual meeting held on Tuesday, the Unite Here union said.The vote marks the second time Penn shareholders have supported board declassification, the union said."Penn shareholders have spoken clearly: they want annual elections for all directors," said Michael Hachey, director of gaming industry research at Unite Here. "The board should now take the necessary steps toward implementing declassification."Penn Entertainment did not immediately to a request fromseeking comment.Price: $21.67, Change: $-0.19, Percent Change: -0.89%

$PENN
Wire

PENN Entertainment Shareholders Urged by UNITE HERE to Back Board Declassification Proposal

PENN Entertainment (PENN) shareholders are being urged by UNITE HERE to vote in favor of a proposal to declassify the company's board of directors at the upcoming annual meeting on June 16, the union said Thursday in a statement.The union said annual elections would support long-term value creation by strengthening confidence in board oversight and enhancing accountability amid industry disruption.PENN's board has recommended shareholders vote against the proposal, according to the statement.PENN didn't immediately reply to a request for comment from.Price: $17.67, Change: $-0.15, Percent Change: -0.84%

$PENN
Wire

Update: PENN Entertainment Shares Rise After Q1 Results Beat

(Updates with the latest stock move in the headline and in the first paragraph.)PENN Entertainment (PENN) shares were up over 15% in Thursday trading after the company reported better-than-expected Q1 performance.Earlier, the firm posted an adjusted earnings of $0.11 per diluted share, swinging from an adjusted loss of $0.25 a year ago.Analysts polled by FactSet expected a loss of $0.04.Revenue for the quarter ended March 31 was $1.78 billion, up from $1.67 billion a year earlier.Analysts surveyed by FactSet expected $1.75 billion.Price: $17.12, Change: $+2.35, Percent Change: +15.88%

$PENN
Research

Research Alert: Penn Entertainment Beats Revenue Estimates And Meets Earnings Expectations

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PENN Entertainment posted Q1 2026 adjusted EPS of $0.11 vs. a loss per share of $0.25 in the prior year, in line with consensus estimates, reflecting substantial improvement in digital operations and continued execution of its realigned strategy. The Interactive segment delivered a meaningful inflection point with adjusted EBITDAR losses narrowing dramatically to $10.8M in Q1 2026, from $89.0M in Q1 2025, while Interactive revenues rose 23.5% to $358.3M including a $185.8M tax gross-up. Retail operations remained resilient with combined segments generating $471.4M in adjusted EBITDAR and healthy 33.2% margins, led by the West segment's 12.4% revenue growth. The company is executing its strategic plan of driving retail and Interactive growth while optimizing corporate overhead, with new developments opening at Hollywood Columbus and Aurora in June. We believe PENN is well-positioned for continued deleveraging efforts with stable retail cash generation and the Interactive segment approaching profitability.

$PENN

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