Six Flags Continues To Execute, But The Moat Isn't Worth This Much
Six Flags Flying High, But The Price Of Admission Is Steep
Six Flags: Where The Wind Is At Your Back, Not In Your Face
Yesterday, 5:30 PM
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Wed, Jul. 20, 9:37 AM
- Six Flags Entertainment (SIX +0.6%) announces the signing of a letter agreement with Riverside Investment for the potential development of a second Six Flags-branded theme park in China together with a water park.
- The two parks will be located in Bishan, a district of Chongqing, with a surrounding population of approximately 120M people.
- “Developing two parks in Chongqing, the most populous municipality in China, is another step forward in executing our long-term strategy to expand our brand outside of North America and bring Six Flags thrills to millions of new guests,” said Six Flags CEO John Duffey.
- The letter agreement is subject to negotiation of definitive documents.
- The first Six Flags-branded theme park in China is anticipated to open in 2019 and will be located in Haiyan, Zhejiang province, near Shanghai.
- Source: Press Release
Mon, Jun. 20, 6:29 AM
- The world's largest amusement park corporation Six Flags (NYSE:SIX) is set to open up investments in Saudi Arabia.
- "Our parks can provide the entertainment to which Saudis aspire," CFO John Duffy said.
- His announcement follows a meeting between company CEO James Reid-Anderson and deputy crown prince Mohammed bin Salman, who is visiting the U.S. to promote a reform plan to wean the kingdom off of oil revenue.
Mon, Jun. 13, 1:51 PM| Mon, Jun. 13, 1:51 PM | 7 Comments
Tue, Jun. 7, 8:56 AM
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%.
Thu, May 5, 7:06 AM
Tue, May 3, 7:09 AM
Wed, Apr. 27, 10:51 AM
- Six Flags (SIX +4.9%) raced to an all-time high of $62.69 after posting a smaller loss during the tough Q1 period when the company's theme parks are in winter mode.
- Though an early Easter pulled some revenue forward from Q2, many key metrics on guest spending looked strong.
- The active base of Six Flags customers is up 24% from a year ago.
- Shares of Six Flags are now up 12% YTD.
- Previously: Six Flags beats by $0.15, beats on revenue (April 27)
- Previously: Six Flags narrows Q1 loss (April 27)
Wed, Apr. 27, 7:15 AM
- Six Flags (NYSE:SIX) reports adjusted EBITDA improved 39% Y/Y in Q1 to a loss of $23M.
- Total guest spending per capita rose 2% to $44.84 in the quarter. Admissions per capita was up 5% to $27.02, while in-park spending fell 1% to $17.82.
- Sponsorship and licensing revenue increased 26% to $14.43M.
- Operating expenses were 11% higher at $94.1M.
- Previously: Six Flags beats by $0.15, beats on revenue
Wed, Apr. 27, 7:07 AM
Tue, Apr. 26, 5:30 PM
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Fri, Mar. 25, 9:40 AM
- Consumer spending rose 2.4% in Q4, an upward revision from the 2.0% pace first reported by the Commerce Department (overall GDP was revised to 1.4% from 1.1%).
- Spending on services provided the extra boost as low gasoline prices continue to help in certain categories.
- Some analysts think a bit of a pure-play bet on consumer spending is the theme park sector which is just now ramping up for the busy season. Per-capita spending could improve this year for Six Flags (NYSE:SIX), Cedar Fair (NYSE:FUN), and SeaWorld Entertainment (NYSE:SEAS) after Disney (NYSE:DIS) raised the bar on ticket prices.
Thu, Mar. 3, 9:45 AM
- Six Flags (NYSE:SIX) inks a deal with Samsung (OTC:SSNLF, OTC:SSNNF) to make the company its official technology partner.
- The partnership will include the companies working together to introduce Oculus-powered virtual reality roller coasters at nine Six Flags theme parks. The new technology will be introduced on March 10 at the Shock Wave coaster in the Arlington, Texas park.
- Six Flags CEO John Duffey calls VR a "game-changer" for the theme park industry. Earlier this year at CES, a sneak preview of a VR roller coaster created a buzz even amid the other futuristic gadgets and concepts on display.
- Cedar Fair (NYSE:FUN) is also working on VR roller coasters.
Mon, Feb. 29, 8:46 AM
- Disney (NYSE:DIS) moves to a seasonal ticket pricing set-up that will divide the year into value, regular, and peak periods. The new rates will apply to one-day tickets only.
- The development is seen helping to spread out visitations for Disney and could impact pricing strategies at Six Flags (NYSE:SIX), Cedar Fair (NYSE:FUN), and SeaWorld Entertainment (NYSE:SEAS).
Thu, Feb. 18, 8:49 AM
- Six Flags (NYSE:SIX) reports revenue rose 22% on a constant currency basis in Q4.
- Revenue break-up: Theme park admissions: $114.52M (+19.8%); Theme park food, merchandise and other: $82.53M (+17%); Sponsorship, licensing and other fees: $17.57M (+18.6%); Accommodations revenue: $2.84M (+2.6%).
- The company's Active Pass Base increased 26% Y/Y.
- Attendance grew 22% to 5.2M guests for the quarter
- Total guest spending per capita fell 3% to $37.87 per visitor.
- SIX +0.84% premarket.
Six Flags Entertainment Corp. engages in the business of operating regional theme parks. The company's parks operate under the brand name of Six Flags, which offers state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and... More
Industry: General Entertainment
Country: United States
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