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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Pursuit Attractions and Hospitality
Pursuit Attractions and Hospitality (PRSU) investor relations material
Pursuit Attractions and Hospitality Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Achieved record 2025 results as a standalone attractions and hospitality company, with revenue up 23% to $452.4M and Adjusted EBITDA up 52% to $117.1M, driven by strong demand, new experiences, and strategic acquisitions.
Strategic actions included acquiring Tabacón in Costa Rica, selling FlyOver at a premium (~15x 2025 EBITDA for $78.4M, closing spring 2026), and repurchasing $14.5M in shares.
Launched Vision 2030, targeting revenue over $845M and Adjusted EBITDA above $265M by 2030, with a strong balance sheet and proven growth strategy.
Completed sale of GES business and retired high-cost debt, simplifying capital structure.
Financial highlights
Revenue reached $452.4M in 2025, up 23% year-over-year, with Adjusted EBITDA of $117.1M and margin expansion to 25.9%.
Net income attributable to continuing operations was $22.7M–$24.9M; adjusted net income was $33.5M, up from $3.7M.
Attraction ticket revenue rose 24% to $201M; lodging room revenue grew 28% to $105M.
Total liquidity at year-end was $238M, with net leverage at 1.0x.
Outlook and guidance
2026 Adjusted EBITDA guidance is $123M–$133M, up ~9% at midpoint, with double-digit revenue and EBITDA growth expected excluding FlyOver.
2026 revenue guidance is $465M at midpoint, including ~$8M from FlyOver; Tabacón expected to contribute $7M–$8M incremental EBITDA.
Growth capex for 2026 projected at $88M–$93M, with $200M+ in multi-year projects initiated.
2030 targets: revenue >$845M and Adjusted EBITDA >$265M, with >30% margin.
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Next Pursuit Attractions and Hospitality earnings date
Q1 20267 May, 2026
Pursuit Attractions and Hospitality
Next Pursuit Attractions and Hospitality earnings date
Q1 20267 May, 2026
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Frequently asked questions
Viad Corp. (Viad) operates as an experiential leisure travel and live events and marketing services company. The company provides online marketing products and services to cruise lines, hotels, restaurants, and retail establishments; media assets comprising interactive television technology, publisher of travel-related interactive text information and graphics that enable customers to view advertisements on screens located in public places; electronic commerce streaming video products comprised of Website/intranet, video-on-demand, pay-per-view, and real time feed through telephone lines offering packages to films or sporting events; and consumer directed fly/drive corporate incentive packages to major corporations worldwide.
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