PENN Entertainment Inc reported Q2 FY23 sales growth of 2.9% YoY to $1.67 billion, in line with analyst consensus. Gaming revenue declined 2.5%, while other revenue streams increased. EPS of $0.48 beat the analyst consensus of $0.42. Operating expenses increased 10.9% YoY to $1.5 billion, and operating income decreased 32% to $205.5 million. The company repurchased $99.8 million of shares at an average price of $26.31. PENN shares are trading higher by 19.27% at $29.62 in premarket.