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The firm brought in $1.59 billion in sales during the quarter, up only 0.8% year-over-year. Several key measures, including profits per share, missed Wall Street's projections, and rising interest rates had an adverse effect on costs. Penn Entertainment's management was confident going into 2023 because of the company's growth initiatives and positive momentum, despite the lackluster results.
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How is their year overall? Curious if its just a fluke quarter or part of a bigger trend.
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