Q: Thoughts on earnings?
5i Research Answer:
EPS of 55c beat estimates of 16c; revenue of $130.3M beat estimates of $126M. EBITDA of $22M was 18% better than expected. Sales were a record, up 12.4%. Most other metrics rose nicely. Higher sales of instant lottery tickets helped results overall. Gross margins improved, and the company has been able to re-price some products to offset inflationary effects. Things have improved here and the outlook commentary was fairly positive.