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Roller Coaster Revival: Cedar Fair's Q1 Sales Soar, Despite Hurdles, Eyes Set on Thrilling Season Ahead
Cedar Fair, L.P. (NYSE:FUN) shares are trading higher after it reported first-quarter FY24 sales growth of 20% Y/Y to $101.6 million, beating the analyst consensus of $92.4 million.
The company recorded a net loss of $(133) million compared with a net loss of $(135) million a year ago quarter, including $10 million of costs related to the proposed merger with Six Flags Entertainment Corp (NYSE:SIX).
Attendance totaled 1.3 million guests, up 27% Y/Y, primarily due to higher season pass sales and improved weather at Knott’s Berry Farm, as well as the inclusion of the extra calendar week in the first quarter of ...