Six Flags says weather hurt third quarter results

Posted Friday, October 15, 2004 9:16 AM | Contributed by coasterguts

Six Flags said on Thursday that unseasonably cool weather, hurricanes and the continued effects of a challenging economic environment negatively affected its performance in the third quarter.

Read more from Reuters via Yahoo.

Friday, October 15, 2004 9:21 AM
I can hear the gasps of shock throughout cyberspace...
Friday, October 15, 2004 9:25 AM
Lol Jeff! I was waiting for this one. I know the hurricanes came up the Atlantic coast and one even reversed course and hit Texas after hitting the Atlantic coaster. But, the quarter is made up of more than one four week period.
Friday, October 15, 2004 9:28 AM
I wonder if they even wait until the quarter's results are booked, or is the Q4 release blaming weather already written?

The sad part is that this is one quarter where I'm sure weather really WAS the major impacting factor, particularly in the east & mid-Atlantic. Wal-Mart and other retailers have said that store closings due to the hurricanes will hurt their quarter as well. (Wal-Mart will only make a zillion dollars this time...) Unfortunately, PKS has just played this card so many times, that it has no credibility anymore.

Does anyone know when the Q3 conference call is scheduled? I LOVE listening to those.


Friday, October 15, 2004 9:30 AM
Ugh...the weather. Six Flags should build an all-indoor theme park, so that way, they wouldn't complain about the weather hurting that park, lol!
Friday, October 15, 2004 9:59 AM
Q3 is typically released mid November with the call the day after. Last year, Q3 was released Nov 14 if I remember correctly.

Friday, October 15, 2004 10:27 AM
BigJim, Six Flags did build an all-indoor "theme park" back in the early 80's: Six Flags AutoWorld in Flint, MI. It lasted all of 2 years and died a quick and painless death. While there were new coasters, there was a ferris wheel, bumper cars, two dark rides, an IMAX theater, and other automobile-themed attractions. I think it didn't succeed due to its location... or maybe it was the weather. I'm not 100% sure! ;)

Ray P.

Friday, October 15, 2004 11:04 AM
Darn, I knew that light breeze and warm weather in the midwest would play a factor in keeping people away from the park....oh what's that? The employees are rude, the park is dirty and they don't add new rides? NAHHH!!! that couldn't be why people stay away.


Friday, October 15, 2004 11:23 AM
Hi all, I'm new to the boards. Anyway ProgRay is right about Autoworld except it didn't die a painless death.

I grew up about 15 minutes from it. It did close about 2 years after being opened (1984), was off and on used until 1994 and finally taken down in 1997. It is currently a parking lot for a U of Michigan branch campus. Here's a decent website for it.

Back on topic, Can't every park say that some type of weather may have effected attendance? I don't see how stockholders can listen to the same things every quarter and not get angry.

Friday, October 15, 2004 11:30 AM
Wow, you can set your watch to this.
Friday, October 15, 2004 12:38 PM
Don'tforget Six Flags other indoor park, Six Flags Powerhouse in Baltimore.
Friday, October 15, 2004 1:01 PM
^ doesn't get the joke ^
Friday, October 15, 2004 1:14 PM
Don't confuse the Six Flags corporation of 1984 with the one today. Shortly into 1985 Six Flags Corp. knew then to pull out/abandon a bad deal.Regards,Kevin
*** This post was edited by Kevin Reid 10/15/2004 1:16:26 PM ***
Friday, October 15, 2004 2:04 PM
Didn't they use this excuse last season?
Friday, October 15, 2004 2:45 PM
They've been hiding the truth behind that excuse for a FEW seasons.*** This post was edited by Rollerhammer 10/15/2004 2:45:56 PM ***
Friday, October 15, 2004 3:11 PM
Will SFI in turn sue the US gov't for failing to sign the Kyoto Protocol, (and reduce greenhouse gas emissions), which resulted in all of this bad weather in the first place...nah, probably not...;)
Friday, October 15, 2004 3:18 PM
" Ugh...the weather. Six Flags should build an all-indoor theme park, so that way, they wouldn't complain about the weather hurting that park, lol!"

Even that wouldn't work. I am sure they would say the weather was bad and people didn't want to DRIVE to their indoor park. Any excuse other then the real reason. Because to own up to it would be admitting that they are idiots, and they'll never do that.

Friday, October 15, 2004 3:25 PM
Don't forget that even Cedar Fair is down, in fact their waterparks are down 15% and their stock is down just about the same amount.

Y'all wanna blame the service for ALL of Six Flags monetary issues, but while that is an issue, weather, and the damned forecasters predicting rain just about every weekend this summer doesn't help.

As I've said before, lets hope the people that bought all that stock spark a new attitude in management......


Friday, October 15, 2004 3:59 PM

Six Flags said today that unseasonably cool weather, hurricanes and the continued effects of a challenging economic environment will negatively affect its performance in the first, second, third, and fourth quarts of 2005, 2006, 2007, 2008, 2009, and 2010.

*** This post was edited by Mamoosh 10/15/2004 4:02:29 PM ***

Friday, October 15, 2004 5:03 PM
Chicago just "suffered" through the fifth coolest summer on record. That's about 150 years. The weather this summer absolutely SUCKED. Yep, that's all caps SUCKED. I'd understand completely if GAm didn't meet attendance expectations, at least in part due to weather.

So, so easy to rip on the Flags. Sure, there's plenty of ammo but doesn't it get a bit tiresome after a while?

We get it. Six Flags sucks.


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