![]() Today, our portfolio consists of American Golf, Drive Shack and Puttery. is a leading owner and operator of golf-related leisure and entertainment businesses focused on bringing people together through competitive socializing. on Tuesday, May 17, 2022, and may be accessed by dialing 1-88 (from within the U.S.) or 1-40 (from outside of the U.S.).ĭrive Shack Inc. Eastern Time on Tuesday, through 11:59 p.m. (NYSE:DS) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on Maat 9:00. Ī telephonic replay of the conference call will be available after 12:00 p.m. NEW YORK, NY / ACCESSWIRE / Ma/ Drive Shack, Inc. (NYSE:DS) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 12, 2021. The conference call may be accessed by dialing 1-80 (from within the U.S.) or 1-78 (from outside of the U.S.) ten minutes prior to the scheduled start of the call and referencing conference ID: DSQ122.Ī simultaneous webcast of the conference call will be available to the public on a listen-only basis on the Company’s investor relations website at. NEW YORK, NY / ACCESSWIRE / Ma/ Drive Shack, Inc. In addition, management will host a live conference call and webcast that morning starting at 9:00 a.m. My name is Brittany, and I will be your conference o. The system requires 58K RAM, a 132-column printer and two disk drives with a. A copy of the press release and earnings supplement will be posted to the Company’s Investor Relations website at. Transcript : Drive Shack Inc., Q4 2021 Earnings Call, Ratings Calendar Company Financials Funds and ETFs Transcript : Drive Shack Inc., Q4 2021 Earnings Call, Maat 09:00 am Presentation Operator MessageOperator (Operator)Good morning. A series of prOgrams for the Radio Shack Modem I is available from the. (NYSE: DS) announced today that it will release its first quarter 2022 financial results before market-open on Tuesday, May 10, 2022. ![]() Your feedback helps improve Perfect Putt.Drive Shack Inc. Time will tell if this was the right decision. The strategic pivot by Drive Shack begs the question - is it the correct business move? American Golf and Drive Shack had exceptional growth years in 2021. They have six locations worldwide, with nine in the pipeline. Rory McIlroy’s VC firm, Symphony Ventures, has invested $10 million in Puttery. ![]() Considering Drive Shack’s revenue of $281 million, investing $75 million in a developing business unit representing 1% of total revenue is significant. ĭuring the earnings call, Drive Shack CFO, Mike Nichols, stated they will need approximately $75 million of additional capital to finalize the 2022 development and partially fund the development of 2023 Puttery venues. ![]() Drive Shack venues brought in an average of $10 million in 2021. It is also worth noting that Topgolf owns this space with over 70 venues and an average venue brings in around $20 million. Drive Shack Game Play - Friday and Saturday (5pm - Close). The development cost and development time are more attractive, and it returns a higher development yield. Book your Hit the Golf Bays with Event Packages at Drive Shack corporate. Schedules Second Quarter 2021 Earnings Release and Conference Call Contacts Investor Relations and Media: Kelley Buchhorn Head of Investor Relations Drive Shack Inc. This strategy does make sense when looking at the unit economics. They plan to build 50 Puttery venues by the end of 2024 and only add one Drive Shack venue in the same period. It seems that Drive Shack has pivoted within its golf entertainment strategy by focusing on Puttery venues instead of Drive Shack venues.
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