Clear Recovery Progress Behind Ardent Leisure's Messy Numbers
The 33% year-on-year decline in Ardent Leisure's first-half fiscal 2018Â adjusted EBITDA to AUD 31 million understates the recovery under way at the no-moat-rated group.The return to constant-centre top-line growth of 1% for Main Event is an encouraging sign after two consecutive years of decline. Importantly, the growth in this critical metric has accelerated in recent weeks, providing a solid foundation for the well-credentialed new division CEO Chris Morris to stamp his authority. The theme p...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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