ISC Reports 10% Dip In Admissions Revenue For Fiscal Q2 (Update)

UPDATE ISC President John Saunders today discussed the company's Q2 attendance decline of 10% with financial analysts, and he "matter-of-factly mentioned the lack of star power" in NASCAR. Saunders: "We still have an issue with star power and hopefully this stable of young drivers coming along will start to win and build their brands." Few observers "would argue that the recent retirements" of high-profile drivers "have drained some of the star power from the sport." Three drivers — Kevin Harvick, Kyle Busch and Martin Truex Jr. — have "combined to win 13 of the 17 races this year."

07/05/18 ISC this morning issued its financial report for Q2 covering March-May and disclosed a 10.4% “drop in admissions revenue" for the three months. That includes race weekends at Phoenix, Fontana, Martinsville, Richmond, Talladega and Kansas.

The drop is down 6.3% for the December-May period. Overall revenues for ISC during those six months are up 2.3%. Income from standard operations are up 22.3% from the same time period in '17. Net income was $186M, including a $143.9M benefit “from tax law change."

Social Media Auto Publish Powered By :