Six Flags Attendance Dip

[rtotheizzo17]

Attendance down 8% YoY.

Guess all you Brits didn't help out enough. Some great gems in the article including: But Wall Street isn't buying that argument, sending the stock on a Kingda Ka-sized sell-off.

http://money.cnn.com/2014/07/21/investi ... index.html

 

[Hyde]

Cedar Fair reported a dip in attendance as well (http://www.cedarfair.com/ir/press_releases/index.cfm), despite the Wall Street article's write-up on Ouimet's comments.

Where Six Flags really has seen challenge is guest in-park spending. That is where the real money is made for amusement parks.

 

[rtotheizzo17]

^Yes and no (in regards to in park spend). According to the 2013 annuals Six Flags made $602 million in admission and $448 in in park spend. Cedar Fair was at $647 in admissions and $356 in park.

 

[Hyde]

^ You need to look at percentage change year over year. Six Flags is the larger firm, and will naturally reported higher earnings due to size.

 

[rtotheizzo17]

^This feels like a PM

I was referring to your comment "where the real money is". Maybe I misunderstood that reference but the public figures from at least these 2 parks show the majority (over 50%) of their revenue comes from admission and the rest is made up from a combo of in-park spend and other streams (marketing, hotels, etc...).