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Dec 31, 2019
Drive Shack Q4 2019 Earnings Report
Drive Shack's Q4 2019 results highlighted the strength of new venues and progress in Urban Box development.
Key Takeaways
Drive Shack Inc. reported its Q4 and full year 2019 financial results, highlighting the strong performance of its Generation 2.0 venues and progress in the development of its Urban Box concept. The company opened its third Generation 2.0 Drive Shack venue in West Palm Beach, FL during the quarter. The company reported a loss of $17 million, or ($0.25) per share, compared to a loss of $5 million, or ($0.07) share, in the corresponding period of the prior year.
Generation 2.0 Drive Shack venues produced strong results, generating $15 million of revenue in the second half of 2019.
The company successfully opened its third Generation 2.0 Drive Shack venue in West Palm Beach, FL on October 14th.
Two new Urban Box sites were announced in Dallas, TX and Charlotte, NC.
The company expects to open 4 new venues in 2020.
Revenue by Segment
Forward Guidance
Drive Shack plans to double the number of operating entertainment golf venues by the end of 2020 and operate nearly 60 entertainment venues by the end of 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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