Great Wolf loss widens, but has ninth straight quarter of growth

Posted Wednesday, August 6, 2008 9:15 AM | Contributed by Jeff

Losses for the quarter ended June 30 totaled $4.1 million, or 13 cents per share, compared with a loss of $1.7 million, or 5 cents per share, in the prior year. Revenue surged 36 percent to $63 million, from $46.3 million in the second quarter of 2007.

Read more from AP via Forbes.

Sunday, August 10, 2008 12:17 AM
ridemcoaster's avatar Part of me is still not surprised theres losses of that level..

Just in the one up the way from me in Williamsburg, I notice the parking lot barely full seemingly most of the time. But then again, me personally I am not interested in paying $299 per night to be able to walk out of my room and go down a water slide.

Course I'm local to Williamsburg and get Water Country for free, so I guess I'm not the best litmus test of what people will be willing to pay to stay there.

Sunday, August 10, 2008 10:30 AM
Jeff's avatar The way I read it, the loss has to do with their expansion. It's OK for businesses to lose money, they just can't do it indefinitely.
Monday, August 11, 2008 7:58 PM
ridemcoaster's avatar True.. They call those Tax write-offs.. But agree.. It does come to a point where your losses become too much..

Although Six Flags seems OK with that.

Tuesday, August 19, 2008 3:50 AM
The one in the Great north Wet that is 20 miles south of Olympia, WA seems to be doing very well. I travel back and forth to Portland quite a bit and it always seems to have a full parking lot. Then again... there's not much else in the NW to choose from. Somewhere like Williamsburg I'd imagine it's a pretty hard sell.

And yeah, $299 a night... Not unless it opened onto Schlitterbhan. ;)


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