
Las Vegas Sands (LVS) reported first-quarter 2025 revenue of $2.86 billion, missing the $2.91 billion consensus estimate. Operating profit stood at $609 million versus an expected $682.3 million, while net income was $408 million. The company recorded a pretax profit of $471 million and capital expenditures of $379 million. Adjusted earnings per share (EPS) came in at $0.59, slightly surpassing the $0.58 estimate. Consolidated adjusted property EBITDA was $1.14 billion, with Macao and Marina Bay Sands segments contributing $535 million and $605 million, respectively. LVS also repurchased $450 million of shares. Southwest Airlines (LUV) posted a first-quarter adjusted EPS loss of $0.13, beating the $0.18 loss estimate, and revenue of $6.43 billion, slightly above the $6.40 billion forecast. However, due to macroeconomic uncertainty and volatile booking trends, Southwest did not reaffirm its full-year 2025 or 2026 EBIT guidance. SkyWest (SKYW) exceeded expectations with Q1 EPS of $2.42 versus $2.04 estimated and sales of $948.46 million beating the $943.85 million forecast. Skechers USA (SKX) reported Q1 EPS of $1.34, beating the $1.17 estimate, but sales of $2.41 billion fell short of the $2.43 billion consensus. Gross margin was 52%, slightly below estimates, and operating margin declined to 11% from 13.3% year-over-year. Inventory rose 30% year-over-year to $1.77 billion. Boyd Gaming (BYD) beat earnings and sales estimates with Q1 adjusted EPS of $1.62 versus $1.52 expected and revenue of $991.60 million compared to $976.64 million forecast. Despite recent economic uncertainty, Boyd Gaming noted consistent business trends through the first three weeks of April.
Nevada-based $BYD Gaming, which operates US regional and Downtown Las Vegas casinos, in its Q1 earnings report: "While economic uncertainty has increased in recent weeks, we are encouraged that trends in our business have remained consistent over the first three weeks of April"
$BYD Boyd Gaming Q1 Adj. EPS $1.62 Beats $1.52 Estimate, Sales $991.60M Beat $976.64M Estimate
$SKX | Skechers Q1'24 Earnings Highlights: š¹ Net Sales: $2.41B (Est. $2.43B) š“ š¹ Adj EPS: $1.17 (Est. $1.16) š¢ š¹ Gross Margin: 52% (Est. 52.2%) š“; š¹ Operating Margin: 11% (Est. 11%) š”; DOWN from 13.3% YoY š¹ Inventory: $1.77B (Est. $1.54B) š“; UP +30% YoY š¹