Cedar Fair, L.P.NYSE
New Coasters At Cedar Fair Driving Strong Growth
Wed, Nov. 2, 7:21 AM
- Cedar Fair (NYSE:FUN) reports revenue increased 3% to $1.1B for the first nine months of the year.
- During Q3, in-park guest per capita spending was up 1% Y/Y and out-of-park revenue increased 5%. Total visits were down 1% during the quarter.
- A higher market minimum wage rates led to an increase in labor costs for the amusement park operator.
- "We had a record Post-Labor Day performance, driven by our highly popular Halloween events at all of our parks," notes CEO Matt Ouimet.
- Cedar Fair also announced a quarterly cash distribution of $0.855 per LP unit, an increase of 4%.
- Previously: Cedar Fair declares $0.855 dividend (Nov. 2)
- Previously: Cedar Fair misses by $0.44, misses on revenue (Nov. 2)
Wed, Nov. 2, 5:50 AM
Wed, Nov. 2, 5:02 AM
Tue, Nov. 1, 5:30 PM
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Fri, Oct. 28, 11:23 AM
- Cedar Fair (FUN +0.4%) announces that COO Richard Zimmerman will become president of the theme park chain as well.
- "His role as President and Chief Operating Officer will be to bridge strategy into execution – sorting to the things that will have the biggest operational impact and turning good ideas into operational reality," says CEO Matt Ouimet.
- Following on some buzz from last week, Cedar Fair is not believed to be the theme park company trying to acquire a 200-acre lot in the Orlando area.
- Previously: Investors give theme park stocks a ride (Oct. 24)
Mon, Oct. 24, 9:59 AM
- Theme park stocks are lively to start off the week.
- Cedar Fair (NYSE:FUN) is up 2.67% and SeaWorld Entertainment is 1.95% higher. Six Flags Entertainment (NYSE:SIX) is showing a more modest gain of 1.00%.
- It's not clear if an article in the Orlando Business Journal reporting that a "top" U.S. theme park operator is planning a major project in the Orlando area with the help of international investors is stoking the rally or some other factor is in play.
Tue, Aug. 30, 11:00 AM
Thu, Aug. 11, 10:31 AM
- Pokémon Go is on an annual run rate of $1B, according to an estimate from Cowen Research. Nintendo (OTCPK:NTDOY) is well-positioned to benefit from the ongoing phenomenon through its stake in Pokemon Company and publisher Niantic.
- The Pokémon craze was brought up by a variety of companies during their Q2 earnings calls as analysts questioned on the impact of the mobile game on foot traffic, virtual reality potential, mind share, and products/accessories sales.
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Thu, Aug. 4, 3:13 PM
- Shares of SeaWorld Entertainment (NYSE:SEAS) are down 13% after the company disappointed with Q2 earnings and lowered its full year EBITDA guidance to $310M-$340M, from $335M-$365M prior.
- During the conference call, execs noted that a lower level of tourism from Brazil continues to be a drag on Florida traffic.
- The economy in Brazil isn't a problem for Cedar Fair (FUN +1.8%) which showed steady results earlier this week. Some analysts think Cedar Fair is one of the retail stocks that benefits the most from low gas prices in the U.S.
- Earlier this summer, SA contributor Crunching Numbers boosted its rating on FUN to Buy.
- Previously: Weak Orlando traffic cuts into results at SeaWorld Entertainment (Aug. 4)
- Previously: Steady sales growth at Cedar Fair (Aug. 3)
Wed, Aug. 3, 8:25 AM
- Cedar Fair (NYSE:FUN) reports attendance was up 2% Y/Y in Q2.
- Average in-park guest per capita spending increased 1%.
- Out-of-park revenue was up 4% during the quarter.
- Operating costs and expenses were up 3% to $243M.
- Cedar Fair says revenue in July (part of Q3) was up 2% to $769M.
- Previously: Cedar Fair misses by $0.04, misses on revenue (Aug. 3)
Wed, Aug. 3, 5:46 AM
Wed, Aug. 3, 4:19 AM
Tue, Aug. 2, 5:30 PM
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Wed, Jul. 6, 7:08 AM
- Cedar Fair Entertainment (NYSE:FUN) reports preliminary net revenues through July 4 rose 4% to approximately $517M from the same period a year ago.
- This period traditionally represents approximately 40% of the company's full-year net revenues.
- The higher net revenues are a result of a 3% increase in attendance, a 1% increase in average in-park guest per capita spending and a 7% increase in out-of-park revenues, including resort hotels.
- Cedar Fair says it generated record season pass sales across its properties. The Company also points to increased revenues from all-season dining and beverage programs and increased group sales and resort bookings.
- Source: Press Release
Mon, Jun. 13, 1:51 PM| Mon, Jun. 13, 1:51 PM | 7 Comments
Wed, May 11, 11:50 AM
- Theme parks stocks trade below broad market averages after Disney reports "flat" attendance at U.S. parks in FQ2.
- Six Flags (SIX -0.9%), Cedar Fair (FUN -0.8%), and SeaWorld Entertainment (SEAS -3.4%) are all lower on the day.
- There was some rumblings from SeaWorld earlier in the month about a soft trend in Florida due to a drop in international tourism, while Six Flags and Cedar Fair are just now entering their busy season.
- YTD returns on theme park stocks: FUN +4.2% SIX +5.4%, SEAS -9.5%.