5-22-86 Agenda & Packet - Laserfiche WebLink

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May 15, 1986 LehnimilmAmmailpigest 3 Hockey doesn't get the big TV revenues revenue of $42.8 million (down from $45 111/1 that many other sports do, and Stanley million a year ago) , and loss of $3.2 up champions can expect only about million compared to $346,000 year ago. $20,000 for playing 15-26 games for the Cup. The number of playoff upsets worked Some military clubs in Germany are expee- for Toronto, which had sellouts in last ted to close, clubs in U.S. may change to month's playoffs. family format, and entire military club system is under review, because of sharp to the hike drop in patronage over past two years, Crowds seem to have adjusted Army Times reported (5/5) . Sale of al- in infield prices at the Kentucky Derby. coholic beverages dropped more than 10% Last year's 108,573 was the lowest since (grmywide) in fiscal 1985. Uniformed 1970; prices went to $20 for infield last managers will be replaced by civilians; year because a S25 million renovation was the decline in alcohol consumption is due ordered. The large field of horses meets in part to Army effort to "deglamorize" again on Saturday (May 17) at Baltimore's drinking (and smoking) . Pimlico track for The Preakness. * * * * * * * * Nearly 50% of officer and NCO Army clubs _ lost money last year ($25 million profit was reported in previous year) . Drop in FINANCIALS patronage is affecting slot machine pro- fits. Complete report is due in summer. Walt Disney Co. had a 48% increase in 1st quarter earnings of $51.8 million, and Aggressive expansion by Coors beer, now record earnings/revenue for 6 months per- in 45 states, is credited with part of iod--revenue for first half topped the $1 Colorado company's increased net of $7.1 billion mark for first time. The quarter million (up from $644,000 year ago) , and earnings were on revenues of $592.4 mil- record sales of $263.4 million, up 7.7%. lion, up from $451.5 million a year ago. Anheuser-Busch,Companies earned Operating income from film-tv dropped to $102.1 million in first quarter on sales $37.1 million from $38.7 million a year of $1.92 billion U S wine earlier. makers are looking to sales boost, thanks to better exchange rate for U.S. goods, • Entertainment/recreation earnings nearly and to scandal for Italian wines, which doubled in the 6 months to $139.7 million have accounted for 18.4% of U.S. market. from $70.9 million. they more than doub led for quarter.: $95.8 million compared to $44.4 million. Revenue for 6 months In the home electronics field, Tandy's was up 26% to $634.2 million; in quarter, earning in company 3rd quarter were up 91% revenue rose 33% to $360.1 million, over year earlier, to $42 million. Rev- * * * * * * * * enue was up 12.4% to $768.9 million. Tandy has 32,000 employees nationwide; sales in American Express net income more than last fiscal year were $2.5 billion doubled in first quarter to $321 million, A new generation of "techno-toys" will be a record, as revenue increased 37.3% to produced by computer pioneers/whizkids $3.61 billion. The rise came despite Steven Wozniak, cofounder of Apple Compu- sluggish results from company's Travel ter Co. , and Nolan Bushnell, creator of Related Services division Greyhound Atari, Chuck E. Cheese Pizza restaurants Corp. net income for quarter dropped to and the A.G. Bear toy of this past Xmas. $10.3 million (compared to $19.1 million Meanwhile, Apple's profits more a year ago) on revenue of $751 million; than tripled in company's 2nd quarter end- revenue for quarter 1985 was $680 million. ing March 28. Apple earned $31.8 million Ramada Inns reported net loss on sales decline of 6.1% to $408.9 mil. of $2.2 million for quarter; that compares to $1.3 million loss a year ago. Gaming group income rose 66% to $7 million; de- CSX transportation company has acquired preciation from hotel refurbishing ac- two Caribbean resorts, Caneel Bay and Lit- counted for hotel group's drop in opera- tle Dix Bay, as well as a resort at Jack- ting income. son Hole, Wyo. , in addition to Rockresorts management company from Laurance Rocke- Bad news for military clubs and Playboy feller. Rockresorts will continue to run clubs this month: the last Playboy- the three, and others owned outside the owned clubs will be closed, leaving only company. CSX already owned/operated the franchised clubs in Omaha and Des Moines Greenbrier Resort & Conference Center in (Iowa) and Lansing, Mich. Playboy's news^", West Virginia. Last year, CSX revenues stand sales of magazine also have been of $7.3 billion were little affected by impacted by campaigns to take magazines resorts. off stands. Playboy reported 3rd quarter .