Six Flags revenue and attendance up in 1Q

Posted Thursday, April 17, 2008 2:38 PM | Contributed by Jeff

Attendance climbed 19 percent to more than 1.4 million during the quarter, helped by an earlier Easter holiday than last year. First-quarter results typically make up 5 percent of full-year attendance, the company said.

Read more from AP via CNN.

Thursday, April 17, 2008 3:05 PM
Yup. That small subset of the year can have pretty large swings based on the calendar. I don't blame them for trumpeting it though. But if I were an investor, I'd say, "So what?"
Thursday, April 17, 2008 3:22 PM
Stock is almost 10% up today, but that's hardly a big deal to me when it's so low to begin with.
Thursday, April 17, 2008 4:26 PM
Yeah, not much to go on. 2nd & 3rd quarters will be the real storytellers for them.
Thursday, April 17, 2008 4:34 PM
Easter was early this year, falling in 1Q instead of 2Q. I wonder how they fared when you factor that in?
Thursday, April 17, 2008 5:19 PM
When (or if) the 2nd Quarter results are in flat or a slight loss

I bet they will say "Easter fell in 1st quarter when you add that back we are up, or even for the 2nd quarter".

Also when you factor in the fact that months have days in them we would also be up for the millenium.

The months with 5 weekends in them are may and august this year . last year at least 1 of those was in nov-dec so they should have an extra weekend to make up for the bad weather.

.*** This post was edited by kevin38 4/17/2008 5:24:36 PM ***

Friday, April 18, 2008 1:15 AM
You all are very harsh...

lets take a look at the numbers:- Revenues Increase 35% Reflecting Easter Holiday Shift- Guest Spending Per Capita Increases 13% on Across the Board Spending Growth- Total Revenue Per Capita Reaches Record $47.11 Driven by Healthy In-park Guest Spending and Increased Sponsorship and International Fees

sounds good to me. and if you own the stock, a 7.79% up-swing is a good day, even if it is pretty low.

this stock is very cheap and i think shapiro may be about to show many of the skeptics wrong:also, some parks are barely opening for the season... and i believe only a few, maybe just SFMM, are on 7-day ops right now.

if the per capita stays up, higher attendance in the next quarter will lead to even higher revenues.*** This post was edited by coasterghost 4/18/2008 1:16:01 AM ***

Friday, April 18, 2008 8:43 AM
How long have the new Management had Six Flags? Three years?

Changes weren't going to happen overnight, Im hoping they really start to see things pay off this year.

Friday, April 18, 2008 2:34 PM
And of course this little blip upwards wont even cover part of the cost of the SFKK lawsuit.
Friday, April 18, 2008 2:56 PM
Which is covered by insurance.
Friday, April 18, 2008 5:19 PM
"Which is covered by insurance. "

Unless the insurance company files suit on Six Flags for not following Minumum maintenance standards. Willfull negligence is not covered by most insurance companies

We have been asking "why would six flags not settle this" Because the insurance carrier is in control of settling this and if they can prove Six Flags cutting maintenance budgets has caused this problem. They may get off the hook for paying all or some of this.They may be talking with the insurance company about that now.

This family will (and should be)taken care of and a lot of lawyers will also make a lot from this.*** This post was edited by kevin38 4/18/2008 5:21:42 PM ***

Saturday, April 19, 2008 10:11 AM
Six Flags has made an offer I'm sure. It just wasn't enough, or, as we mentioned in the other thread, the family wanted the lacking maintenance to become public.
Monday, April 21, 2008 2:53 PM

Stock is almost 10% up today, but that's hardly a big deal to me when it's so low to begin with.

I dunno. Regardless of what the stock is at - investors made 10% on their money. That's pretty sweet.

Monday, April 21, 2008 5:51 PM
Or if you're Red Zone and bought it at $6 a share, you're still really in the crapper. :)

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