News2/Ratings0
Latest news
2 items- NEWSGroup 1 Makes Power Move in UK Market with Inchcape Auto Dealerships Buy OutGroup 1 Automotive, Inc. (NYSE:GPI) disclosed a deal to buy the U.K. automotive retailing business and related owned real estate from a subsidiary of Inchcape PLC (OTC:IHCPF) for around $439 million (£346 million) in an all-cash transaction. The acquisition price includes $279 million (£220 million) of appraised real estate value. In 2023, the Inchcape U.K. dealerships generated approximately $2.7 billion (£2.1 billion) in annual revenues. The transaction is expected to close in the third quarter of 2024, subject to the receipt of approval from the Financial Conduct Authority. Daryl Kenningham, Group 1’s President and CEO, said, “Inchcape’s brand mix is outstanding. These new s
- NEWSSix Flags' Rollercoaster Quarter: Earnings Miss Targets, But '2024 Passes Are Ahead Of Last Year,' CEO SaysSix Flags Entertainment Corp (NYSE:SIX) reported fourth-quarter (Q4) fiscal 2023 sales growth of 5% year-on-year to $293 million, missing the analyst consensus of $297.5 million. The theme park company’s adjusted EPS of 18 cents missed the consensus of 27 cents. Attendance was 4.3 million guests in the quarter, a 6% Y/Y increase. Total guest spending per capita was $64.19, down 1% Y/Y. The increase in attendance was driven both by higher season pass and single-day ticket attendance during the Fall events line-up. In-park spending per capita increased by 2% to $31.13. The operating income fell to $18.7 million from $48.6 million Y/Y. The margin declined to 6.4% from 17.4% Y/Y.