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Cherokee Nation Businesses: revenues soft, dividends preserved; Arkansas court decision pending
Summary
Chuck Garrett, CEO of Cherokee Nation Businesses, told the council that federal contracting opportunities were down, the company managed expenses to exceed budgeted bottom line, and a federal court decision in Arkansas is expected in the coming weeks.
Chuck Garrett, chief executive officer of Cherokee Nation Businesses, told the tribal council on May 12 that April financials show lower revenues in federal contracting and gaming but that the company managed operating expenses and remained on track to deliver the planned dividend to the Cherokee Nation.
“Despite declining revenues, [we were] able to exceed budget by managing aggressively the operating expenses associated with the work,” Garrett said, describing a cautious approach to anticipated…
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