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

Posted | 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.

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.

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.
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.

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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