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
Wed, Jul. 27, 9:23 AM
Wed, Jul. 27, 7:34 AM
- Six Flags (NYSE:SIX) reports revenue rose 5% in Q2 led by 132% increase in international licensing revenue.
- Revenue break-up: Theme park admissions: $215.76M (+4.2%); Theme park food, merchandise and other: $168.34M (+4.3%); Sponsorship, licensing and other fees: $19.22M (+40.5%); Accommodations revenue: $3.75M (-5.6%).
- The company's Active Pass Base increased 11% Y/Y.
- Attendance grew 2% to 9M guests for the period
- Total guest spending per capita grew 2% to $42.54 per visitor.
- Adjusted EBITDA +4% to $155.29M.
- SIX -0.77% premarket.
Mon, Jun. 13, 1:51 PM| Mon, Jun. 13, 1:51 PM | 7 Comments
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)
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.
Nov. 24, 2015, 1:49 PM
- A global travel warning issued by the U.S. Department is impacting several sectors. Hotel stocks are notably weaker, while amusement park stocks are also trailing broad market averages. Airlines are feeling a double whammy from travel demand concerns and a 3% rise in crude oil futures.
- In some cases the sell-off appears to be an overreaction with little evidence in that travel habits will change dramatically, according to some analysts.
- Decliners include Hyatt Hotels (H -1.5%), Hilton Worldwide (HLT -1.1%), Marriott International (MAR -1.8%), JetBlue (JBLU -1.7%), Delta Air Lines (DAL -3.3%), American Airlines Group (AAL -2.4%), United Continental (UAL -3.2%), Allegiant Travel (ALGT -5.3%), Spirit Airlines (SAVE -4.1%), Southwest Airlines (LUV -2.7%), Six Flags (SIX -1.0%), Cedar Fair (FUN -1.0%), Disney (DIS -0.9%), and Sabre (SABR -3.9%), Virgin Amerinca (VA -2.5%), Alaska Air Group (ALK -1.5%).
- Previously: PCLN, EXPE, TRIP sell off after State Department issues travel warning (Nov. 24)
Jul. 22, 2015, 8:43 AM
- Six Flags (NYSE:SIX) reports guests who have purchased a season pass increased 32% Y/Y in Q2
- Attendance grew 9% to 8.9M guests for the quarter
- Total guest spending per capita fell 5% to $41.55 per visitor.
- Admissions per capita decreased 7% to $23.35.
- In-park spending per capita -2% to $18.20.
Apr. 27, 2015, 9:34 AM
- Goldman Sachs adjusts its rating on SeaWorld Entertainment (SEAS +4.9%) to Buy from Neutral and boosts its price target to $26 from $18.
- Trends at the beat-up theme park are finally turning around, tips GS.
- The investment firm also increased its price target on Buy-rated Cedar Fair (FUN +0.1%) to $65 from $59.
- Six Flags (SIX -1.6%) is taken down to Neutral from Buy on a valuation call following the stock's +18% YTD run.
Mar. 12, 2015, 11:35 AM
- Cedar Fair (FUN +1.9%) and Six Flags (SIX +1.6%) are higher as Disney's annual meeting puts a spotlight back on theme park pricing.
- Analysts see some room for the operators to boost prices on their end or become less promotional with Disney taking an aggressive stance.
- Shares of SeaWorld Entertainment (SEAS -0.1%) are sitting out the theme park rally.
Feb. 23, 2015, 1:24 PM
- Shares of Six Flags (SIX +1.9%), SeaWorld Entertainment (SEAS +1.1%), and Cedar Fair (FUN +2%) rally after Disney announces a price hike at its parks.
- Industry analysts think the companies will slide in with their own rate increases.
- Previously: Disney raises park ticket prices; Magic Kingdom now $105/day
Feb. 18, 2015, 5:38 PM
Feb. 18, 2015, 5:30 PM
- Six Flags (NYSE:SIX): Q4 EPS of -$0.07 may not be comparable to consensus of -$0.13.
- Revenue of $183.68M (+19.1% Y/Y) beats by $19.11M.
- Shares +3.65% AH.
Oct. 22, 2014, 9:38 AM
- Shares of Six Flags (SIX +9.9%) ride higher as the company successfully increases revenue on flat year-over-year attendance trends.
- Expansion is also tapped as a new contributor to top-line growth. During the firm's earnings call, the progress on new parks in China and the Middle East was highlighted.
- Execs call the international business a "significant" long term growth opportunity for Six Flags.
- Earnings call transcript
Oct. 22, 2014, 9:19 AM| Oct. 22, 2014, 9:19 AM | 1 Comment
Oct. 21, 2014, 5:38 PM
Oct. 21, 2014, 4:39 PM
- Six Flags (NYSE:SIX) reports theme park attendance was up slightly in Q3 at 11.8M guests.
- Total guest spending per capita +6.0% to $43.79.
- Theme park admissions revenue +8.4% to $305.82M.
- The company hiked its quarterly dividend payout rate to $0.52 per share.
- SIX +9.6% AH.
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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