PENN Entertainment, Inc. (PENN) Q4 2022 Earnings Call Transcript

PENN Entertainment, Inc. (NASDAQ:PENN) Q4 2022 Earnings Conference Call February 2, 2023 9:00 AM ET

Company Participants

Joe Jaffoni - Head, Investor Relations
Jay Snowden - Chief Executive Officer
Felicia Hendrix - Chief Financial Officer
Todd George - Head, Operations

Conference Call Participants

Barry Jonas - Truist Securities
Chad Beynon - Macquarie
Shaun Kelley - Bank of America
Joe Greff - JPMorgan
Ryan Sigdahl - Craig Hallum Capital
Bernie McTernan - Needham & Company
Brandt Montour - Barclays
John DeCree - CBRE
Joe Stauff - Susquehanna
Steve Wieczynski - Stifel
Stephen Grambling - Morgan Stanley

Operator

Greetings and welcome to the Penn Entertainment Fourth Quarter Results Conference Call. [Operator Instructions] I would now like to turn the conference over to Mr. Joe Jaffoni, Head of Investor Relations. Please go ahead.

Joe Jaffoni

Thanks, Frank and good morning everyone and thank you for joining Penn Entertainment’s 2022 fourth quarter conference call. We will get to management’s presentation and comments momentarily as well as your questions and answers. [Operator Instructions]

Now, I will review the Safe Harbor disclosure. Please note that today’s discussion contains forward-looking statements. Forward-looking statements involve risks, assumptions and uncertainties that could cause actual results to differ materially. For more information, please see our press release for details on specific risk factors.

It’s now my pleasure to turn the call over to the company’s CEO, Jay Snowden. Jay, please go ahead. .

Jay Snowden

Thanks, Joe. Good morning, everyone. I am here in Wyomissing with our CFO, Felicia Hendrix and our Head of Operations, Todd George, as well as other members of my executive team who can help answer questions during Q&A. As you can see from our earnings release and corresponding investor presentation, we wrapped up another solid year at Penn despite ongoing macroeconomic headwinds throughout the year and severe weather in certain parts of the country