Cutcher | Insights and News

C&N Club Performance Report | September 2024

Written by Nick Nancarrow, Partner, Audit & Assurance | 20 August 2024 1:28:28 AM

 

The table above provides an analysis of our clubs’ bar, gaming machine and total revenue for the 2024 financial year with comparison to 2023 annual results. Quarter results are also shown for each quarter of 2024.

The 2024 annual results showed good increases for clubs when compared to 2023 with overall revenue up 4%.

The last two quarter results have also shown excellent growth in revenue with clubs being able to provide a cheaper option compared to competitors which is attractive to members and visitors with current pressure with increased costs of living.

We do note that talking with our venues, July 2024 has been a really good month for clubs so we're looking forward to the September 2024 quarter results.

If you would like a review of your club’s financial performance, please do not hesitate to contact Nick Nancarrow.