Six Flags revenue down 1%, attendance down 12%, per cap spending up 13%

Posted | Contributed by Jeff

Six Flags announced their third quarter results with revenue down 1%, attendance down 12%, and per capita spending up 13%. "During this transition year we have been focused on rebuilding the trust of our family guests," said Mark Shapiro, President and Chief Executive Officer of Six Flags since December 2005.

Read the press release from Six Flags.

Did anyone listen to the Q3 conference call on forbes.com?? VERY interesting stuff...

-Corporate alliances with Kodak (on ride videos, pictures instantly sent to phones, etc) and XBOX/Microsoft/Nintendo (possibly)

-Operation Spygirl stunt show at SFGAm

-More spinning coasters

-Valet parking options

-SFGAd is the park that needs the most work and he's "building a team for success" there. New GM, TWO heads of maintenance, New day to day ops manager, etc.

-And lots more!

I'm still with the guy. Listen to the conference call, folks...

From a recent article by Rick Munarriz on Motley Fool...

"...Scarred by way too many thunderstorms, Six Flags will no longer be providing attendance guidance in the future. At its next update, it will only key in on items like capital expenditures, as well as revenue per capita."

We're not gonna tell you how many people came into the parks. Nyeah, nyeah, nyeah.

Jeff's avatar
They'll tell you what their attendance numbers are, and I'm sure the shareholders would revolt if they didn't, they're just not going to guess on what they expect the numbers to be.

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