PENN (PENN) Q2 FY26 earnings call

PENN Entertainment delivered a strong second quarter, marked by record retail segment revenues and significant year-over-year profitability improvements in its Interactive segment, driven by strategic focus on U.S. iCasino and Canadian operations. The company is accelerating balance sheet deleveraging and remains disciplined in capital allocation, prioritizing internal growth projects and share repurchases over M&A. Management anticipates continued momentum into the second half of the year, with a focus on cash flow growth and operational efficiencies.