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Mar 31, 2021
Accel Entertainment Q1 2021 Earnings Report
Accel Entertainment's first quarter results reflected continued growth and strategic investments.
Key Takeaways
Accel Entertainment reported a strong first quarter, demonstrating growth in revenue and net income. The company continued to expand its footprint and invest in strategic initiatives, positioning itself for sustained success.
Revenue increased to $104.7 million, up 12.1% year-over-year.
Net income rose to $7.9 million, compared to $6.9 million in the prior year.
Adjusted EBITDA grew to $26.8 million, a 13.7% increase year-over-year.
The company expanded its footprint by adding new locations and terminals.
Forward Guidance
Accel Entertainment anticipates continued growth and profitability, driven by strategic initiatives and market expansion.
Positive Outlook
- Expansion into new markets and locations.
- Investments in technology and infrastructure.
- Focus on enhancing the player experience.
- Strong same-store sales growth.
- Positive regulatory developments.
Challenges Ahead
- Increased competition in the gaming market.
- Potential economic downturn affecting consumer spending.
- Regulatory uncertainties and compliance costs.
- Supply chain disruptions.
- Labor market challenges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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