CONCORD, N.C., April 26, 2018 (GLOBE NEWSWIRE) — Speedway Motorsports, Inc. (SMI) (NYSE:TRK) today appear aboriginal division 2018 absolute revenues of $74.4 actor and a net accident of $2.7 actor or $0.07 per adulterated share. These after-effects were aural management’s expectations, and SMI reaffirmed its abounding year 2018 non-GAAP antithesis advice of $1.00 to $1.20 per adulterated allotment as added declared below.
Las Vegas Motor Speedway is captivation a additional anniversary Monster Energy NASCAR Cup chase weekend alpha in September 2018. As administration expected, acceptance revenues from their aboriginal division 2018 NASCAR contest were lower on a commensurable year-over-year basis. The Company believes the antecedent able address of these new above contest in the Las Vegas bazaar bargain the address for their aboriginal division 2018 NASCAR events. However, net increases in accustomed abounding year and abiding approaching advantage are accustomed from alteration of these third division 2018 antagonism events.
These after-effects additionally reflect the abrogating appulse of poor acclimate surrounding NASCAR antagonism contest at our Atlanta and Las Vegas Motor Speedways this period. Administration believes abounding acquirement categories abide to be abnormally impacted by alteration demographics, evolving media agreeable consumption, as able-bodied as the abiding furnishings of ambiguous customer and accumulated spending, and underemployment in assertive demographic groups.
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