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    Logan Angress

    Research Analyst at Wolfe Research

    Logan Angress is a Senior Associate, Equity Research Analyst at Wolfe Research, specializing in consumer services and finance sectors. He started his career as an Equity Research Associate at Susquehanna Financial Group LLLP before joining Wolfe Research in June 2023. Angress holds an undergraduate degree from the University of California San Diego and is a CFA charterholder, reflecting strong professional credentials. His research focuses on delivering actionable insights for institutional clients, though publicly available rankings and performance metrics have not been disclosed.

    Logan Angress's questions to Madison Square Garden Sports (MSGS) leadership

    Logan Angress's questions to Madison Square Garden Sports (MSGS) leadership • Q2 2024

    Question

    The analyst inquired about demand drivers for the teams, specifically which revenue streams are seeing the most benefit, and asked for details on the cost forecast and the relationship between revenue and cost growth for the year.

    Answer

    The company is seeing strong demand across all key areas, with a 94% season ticket renewal rate, record suite revenues, and a nearly 10% increase in per capita spending on merchandise and concessions. While robust revenue growth is expected to continue, AOI will be impacted by higher team operating costs, including increased salary caps and revenue-sharing expenses.

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