Cedar Fair revenue down for second quarter, up overall for first half

Posted Monday, August 2, 2004 7:41 PM | Contributed by Jeff

Cedar Fair net revenues for the quarter ended June 27, 2004, decreased slightly to $145.0 million from $145.2 million in 2003, on a 1% decrease in combined attendance and a 2% increase in average in-park guest per capita spending. Over this same period, out-of-park revenues, including resort hotels, decreased 4% between years. Excluding the acquisition of Geauga Lake, net revenues in the quarter decreased 5% to $138.1 million, on an 8% decrease in combined attendance and a 3% increase in average in-park guest per capita spending.

For the first six months of the year, net revenues were up 1% from last year, on a 2% increase in average in-park guest per capita spending, offset somewhat by a slight decrease in combined attendance and a 2% decrease in out-of-park revenues. Excluding the contribution of Geauga Lake, net revenues in the six-month period decreased 3% to $161.3 million, on a 6% decrease in combined attendance and a 3% increase in average in-park guest per capita spending.

Read the press release from Cedar Fair.

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