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Jun 30, 2020
Ryman Q2 2020 Earnings Report
Ryman Hospitality Properties reported results for the second quarter ended June 30, 2020.
Key Takeaways
Ryman Hospitality Properties successfully reopened most of its hospitality and entertainment operations during June, implementing enhanced cleaning standards and social distancing protocols. The company is focusing on regional transient demand and managing expenses to improve cash burn rate.
Most hospitality and entertainment operations were successfully reopened in June.
Enhanced cleaning standards and social distancing protocols were implemented.
Focus is on regional transient demand and 'stay-cation' opportunities.
Expense management improved cash burn rate.
Ryman
Ryman
Ryman Revenue by Segment
Revenue by Segment
Hospitality Revenue
CapyFin.comEntertainment Revenue
CapyFin.com Forward Guidance
The company is managing through a difficult period, recognizing the efforts of employees and adapting to unprecedented challenges.
Positive Outlook
- Company is aggressively responding and quickly adapting to challenges.
- Feedback from customers and officials has positioned the company as a leader.
- Ample liquidity to weather an extended period of disruption.
- Committed to controlling expenses.
- Adapting to the current business environment.
Challenges Ahead
- COVID-19 has had a significant impact on the ability to fully return to business as usual.
- Group cancellations continue as social distancing and travel restrictions weigh on this sector.
- Unspecified risks and uncertainties associated with the COVID-19 pandemic.
- Economic conditions affecting the hospitality business generally.
- Geographic concentration of the Company’s hotel properties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income