Six Flags Entertainment Stock Falls After Q3 Results; Clocks 2.7% Sales Growth Versus 2019 Level

Six Flags Entertainment Corp SIX reported third-quarter FY21 sales growth of 2.7% versus 3Q19, to $638 million, beating the analyst consensus of $587.07 million.
The company reported revenues of $126 million in 3Q20. The company's Q3 results are not directly comparable to the prior-year period due to COVID-19 related suspension of operations.
Attendance was 12 million guests in the quarter, a decrease of 2 million compared to 3Q19. Total guest spending per capita was $52.02, up 11% Y/Y and rose 23% from 3Q19.
Adjusted EBITDA was $279 million versus $307 million in the same quarter in 2019. It reported an Adjusted EBITDA of $(54) million last year.
EPS of $1.80 beat the analyst consensus of $1.55.
The company held $389.9 million in cash and equivalents as of October 3, 2021. Net cash flow for the quarter was $137 million.
Price action: SIX shares are trading lower by 10.5% at $41.35 on the last check Wednesday.