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MSGE News
MSGE Events
Madison Square Garden Partners with Glaze Teriyaki
Madison Square Garden Entertainment and Madison Square Garden Sports announced a new partnership with Glaze Teriyaki, naming the Asian fast-casual restaurant concept a Partner of Madison Square Garden, the New York Knicks, and the New York Rangers. As a part of the partnership, Glaze Teriyaki will have a brand-new dedicated concession stand on the sixth floor concourse inside Madison Square Garden, offering dishes such as rice bowls with chicken, grass-fed steak, or veggies; as well as pork, chicken, and vegetable dumplings. Additionally, Glaze Teriyaki will have products available in select premium hospitality areas throughout the Arena.
Madison Square Garden Entertainment Appoints Josephine Vaccarello as President
Madison Square Garden Entertainment announced that Josephine Vaccarello has been named President of MSG Entertainment. In this elevated role, Ms. Vaccarello, who most recently served as the Company's Executive Vice President, Live, will oversee the strategy and operations of multiple areas of the business as MSG Entertainment continues to focus on enhancing and expanding its portfolio of live experiences for the millions of guests welcomed to the Company's venues at hundreds of events each year.
Madison Square Garden Entertainment Repurchases 314,349 Shares for Approximately $25M
Madison Square Garden Entertainment announced that the Company repurchased 314,349 shares of MSGE Class A common stock at an average price of $79.53 per share for an aggregate purchase price of approximately $25M from September 11 through September 17. The share repurchases were funded using cash on hand. Since the Company was spun off from Sphere Entertainment Co. in April 2023, the Company has repurchased 6,420,588 shares of MSGE Class A common stock for an aggregate purchase price of approximately $230M.
U.S. Stock Futures Rise After Consumer Prices Report
Stock futures are higher after the July consumer prices report, with the data providing a near-term signal for the Federal Reserve's September policy decision. The CPI report came in exactly in line with expectations. Consumer prices rose 0.1% month over month and 3.4% year over year, down from 3.5% in June, while core CPI rose 0.2% monthly and 2.5% annually. The combination of softer employment and contained core inflation could strengthen the case for eventual easing. That said, inflation remains well above the Fed's 2% target, and rising oil prices could put renewed upward pressure on headline inflation in coming months.AI infrastructure stocks are providing a significant boost to the broader market. CoreWeave is up sharply in premarket trading after reporting better-than-expected second-quarter results and raising its capital-spending forecast, while Super Micro Computer is also gaining following a strong revenue outlook. The results are reinforcing investor confidence that demand for AI computing infrastructure remains strong despite ongoing concerns about the enormous capital expenditures required to support the industry.Brent crude has risen for six consecutive sessions as tensions involving Iran and disruptions around the Strait of Hormuz continue to threaten energy supplies. Higher oil prices could complicate the Fed's inflation outlook if the increases persist, particularly at a time when markets are already debating whether monetary policy can ease later this year.In pre-market trading, S&P 500 futures rose 0.45%, Nasdaq futures rose 0.97% and Dow futures rose 0.27%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -CoreWeaveup 20%Cava Groupup 17%Nebiusup 16%H&R Blockup 13%Kornit Digitalup 9%Super Microup 9%Lumentumup 9%MSG Entertainmentup 3%Trimbleup 3%DOWN AFTER EARNINGS -Performance Food Groupdown 4%Amcordown 3%Jumia Technologiesdown 1%Kontoor Brandsdown 1%
Q4 Revenue of $196.3M Exceeds Consensus
Reports Q4 revenue $196.3M, consensus $166.5M. Executive Chairman and CEO James Dolan said, "Today's results reflect the strong demand we continue to see for our live entertainment offerings. Looking ahead, we are well positioned to drive solid growth in adjusted operating income in fiscal '27 and remain confident in our ability to deliver long-term shareholder value."
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