Brookdale Senior Living reports Q2 EPS (25c), consensus (22c)
Last night, Brookdale Senior Living reported Q2 revenue $1.19B, consensus $1.14B. CEO Andy Smith said, "During the second quarter we continued to be challenged by a difficult macro-environment with a large number of new competitive openings across our markets. We are focused on defending our market position while putting the company in a better position for 2018. While our performance for the quarter was generally in line with the industry, we are pleased with the progress that we are making to improve our market positioning through our segmentation initiative, maximize our RevPAR through more sophisticated pricing tools, and build the best workforce in the industry through improved training and development. We also continue to improve our financial position with increased liquidity and by executing on our plan to refinance our near-term debt maturities."