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Churchill Downs CHDN Live and Historical — Food And Beverage Expense

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Other financials

Income statement

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Revenue$980.0M+4.9%
Operating income$357.0M+8.9%
Net income$241.0M+11.1%
EPS (diluted)$3.42+14.4%

Balance sheet

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Cash & equivalents$295.0M+3.3%
Total debt$2.3B+18.9%
Total equity$1.3B+28.7%
Total assets$7.5B+2.0%

Cash flow

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Operating cash flow$217.0M-9.8%
CapEx$19.0M+0.5%
Free cash flow$198.0M-10.6%

Valuation

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Market cap$6.06B-15.6%
Enterprise value$8.05B-8.7%
P/E14.7×-2.0×
P/S-0.5×

Profitability

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Operating margin24.1%-1.2pp
Net margin13.8%-1.4pp
FCF margin24%-1.0pp

Returns & leverage

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Return on equity34.7%-6.9pp
Debt / equity1.7×-0.1×
Current ratio0.4×-0.2×

Where this comes from

Reported directly by Churchill Downs in its filing.

Tagged under the XBRL concept chdn:FoodAndBeverageExpense.

The source filing: Churchill Downs’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000020212-26-000059
(in millions)Live and Historical RacingWagering Services and SolutionsGaming
Selling, general and administrative expense(14)(4)(12)
Maintenance, insurance and utilities(13)(3)(9)
Gaming equipment rental and technology costs(13)(2)(5)
Food and beverage costs(4)(4)
Other operating expense(1)(37)(15)(18)
Equity in income of unconsolidated affiliates50
Other income
Adjusted EBITDA$318$52$133

Item 1. Financial Statements (Unaudited)

FAQ

What is Churchill Downs's live and historical — food and beverage expense?
Churchill Downs (CHDN) reported live and historical — food and beverage expense of $4M in Q2 2026.
How has Churchill Downs's live and historical — food and beverage expense changed year-over-year?
Churchill Downs's live and historical — food and beverage expense increased by 2.6% year-over-year, from $3.9M to $4M.
What is the long-term trend for Churchill Downs's live and historical — food and beverage expense?
Over 3 years (2022 to 2025), Churchill Downs's live and historical — food and beverage expense has grown at a 35.7% compound annual growth rate (CAGR), from $6M to $15M.
What does live and historical — food and beverage expense mean?
This metric measures the direct costs associated with providing food and beverage services at racing and gaming venues. It includes the cost of goods sold and the labor required to manage hospitality operations for guests. This is a key component of the overall entertainment experience and contributes to the segment's ancillary revenue streams.

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