Read How Cedar Fair Entertainment Fared Through July 2022

Loading...
Loading...
  • Cedar Fair L.P. FUN reported a 20% increase in preliminary net revenues year-to-date through July 4, 2022, of $704 million, compared to the 2019 comparable period.
  • Total operating days through the July 4 weekend represented approximately 40% of the company's projected 2022 full-year operating days.
  • The year-over-year increase in net revenues was driven by a 26%, or $12.13, increase in in-park per capita spending to $59.52, and a 20%, or $15 million, increase in out-of-park revenues to $88 million. 
  • Through July 4th, sales of the 2022 season passes surpassed three million units, a 31% increase from 2019.
  • "Our strong early-season trends indicate that consumer demand remains healthy and that guests are responding well to the quality and breadth of the entertainment experience we offer," said CEO Richard A. Zimmerman.
  • Price Action: FUN shares closed lower by 1.10% at $46.66 on Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...