Six Flags beats analysts in 2Q revenue results

Posted Tuesday, August 5, 2008 9:43 AM | Contributed by redman822

Net income from continuing operations was $108.71 million or $0.72 per share, while prior-year quarter reported loss from continuing operations of $41.94 million or $0.50 per share. Two analysts polled by First Call/Thomson Financial, expected the company to report a loss of $0.19 a share.

Revenues increased by a percent to $345.68 million from $343.63 million last year, exceeding analysts' estimate of $340.51 million. The company stated that revenue growth for the second quarter reflected growth in sponsorship, licensing and other fees.

Six Flags noted that total attendance declined 3% to 8.6 million over last year, related to the timing of Easter in the first quarter of 2008 compared to the second quarter in 2007.

The company still expects to end the year free cash flow positive for the first time in its history.

Read more from RTTNews via NASDAQ.

Tuesday, August 5, 2008 2:16 PM
The weather must have been better this fiscal quarter...
Wednesday, August 6, 2008 2:12 PM
Attendance is not a major factor anymore. We can get the money from sponsorships, and licensing. Basically, who cares if people aren't coming back to the park as long as we get the money somehow. Attendance is down, but yet the guests are more happy than they ever were. Sure.

Now, Texas heat is the problem. Darn, Texas. You think it would be a nice 70 degrees all the time in the south. Give me a break. *** This post was edited by Spinout 8/6/2008 2:44:46 PM ***

Wednesday, August 6, 2008 4:40 PM
^^IMO, it's almost undeniable that better guest satisfaction at previously bad reputation parks like MM and GAdv has help somewhat!!

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