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CAROWINDS UNVEILS THREE FALL EVENTS ALL INCLUDED WITH PARK ADMISSION
GlobeNewswire News Room· 2024-08-21 00:17
Charlotte, N.C., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Carowinds has announced an exciting lineup of fall events, including the debut of Tricks and Treats and Oktoberfest, alongside the return of the Carolinas’ premier Halloween event, SCarowinds. For the first time since its debut in 2000, SCarowinds will no longer require a separate ticket, meaning guests can experience the thrills of their favorite rides at Carowinds, plus enjoy family-friendly fun at Tricks and Treats and Oktoberfest during the day and the ...
Six Flags Stock Climbs With Seven New Roller Coasters Coming in 2025
Investopedia· 2024-08-16 04:15
Key TakeawaysSix Flags Entertainment plans to introduce seven more roller coasters at its parks in 2025.The company is also going to offer an expanded all-park passport for its 42 locations.Six Flags' stock rose Thursday after the investment update was released. Shares of Six Flags Entertainment (FUN) rose Thursday after the company unveiled investments for 2025, including seven new roller coasters. Highlights include a 171-foot drop on the new Wrath of Rakshasa, which is coming to Six Flags Great America i ...
Cedar Fair(FUN) - 2024 Q2 - Earnings Call Transcript
2024-08-09 02:38
财务数据和关键指标变化 - 第二季度创下净收入572百万美元和出园收入73百万美元的纪录 [16][17] - 出园收入增加主要得益于诺特斯酒店业绩改善和其他度假物业平均日房价上升 [21] - 每客人支出下降3%,主要由于在部分公园实施了季票价格下调和季票访客占比上升,部分被食品饮料和附加产品支出增加所抵消 [22][23][24] - 第二季度调整后EBITDA创下205百万美元的纪录,调整后EBITDA利润率达到36%,同比提升230个基点 [28][29] 各条业务线数据和关键指标变化 - 访客人次增加368,000人次,主要得益于季票基数扩大、团体渠道(包括学校和青少年业务)恢复至疫前水平,以及在部分市场推出新的游乐设施带来的需求增长 [18] - 每客人食品饮料支出增加3%,主要由于每客人平均交易次数和交易金额上升 [23] - 附加产品支出增加1%,主要得益于单次快速通道产品销售增加 [24] 各个市场数据和关键指标变化 - 7月份,由于天气等因素影响,部分公园运营受到干扰,整个组合访客人次下降3% [43][44] - 剔除受天气影响的4家公园,其余公园7月访客人次下降1% [44] - 7月整体客户支出与去年同期基本持平,食品饮料和高端体验产品支出持续增长抵消了入场票收入的下降 [45] 公司战略和发展方向及行业竞争 - 本次合并带来的主要优势包括:资产组合更加多元化、规模效应带来的成本协同、提升财务实力和灵活性、以及整合双方的经验和创新能力以提升客户体验 [58][59][60][61][62][63][64][65][66][67] - 公司将专注于提升Six Flags公园的业绩,主要通过提高续费率、平均访问率和市场渗透率来恢复至疫前水平 [75][76][77][78][79][80] - 公司将继续优化Cedar Fair公园的续费率和季票访问率,同时提升其市场渗透率 [77] - 公司将根据不同区域市场的特点,采取差异化的定价和营销策略 [145] - 公司将继续投资新的游乐设施和高品质餐饮设施,以提升客户体验和增加客户支出 [151] 管理层对经营环境和未来前景的评论 - 管理层对公司的长期发展前景充满信心,认为合并后的协同效应和规模优势将为股东带来可观的价值 [55][56][57][92][93] - 管理层表示,即使在2009年金融危机期间,公司的业务模式也表现出很强的抗风险能力,在经济环境恶化时仍能保持良好的业绩 [83][84][85] - 管理层认为,公司的8大核心原则将继续成为未来发展的基础 [85][86][87][88][89] 其他重要信息 - 截至6月30日,Cedar Fair和Six Flags的季票持有量分别为300万张和430万张,同比增长9%和6% [47][48] - 截至6月30日,Cedar Fair和Six Flags的递延收入分别为282百万美元和191百万美元,同比增长3%和8% [48] - 2024年全年,Cedar Fair和Six Flags的资本支出预计将在200-220百万美元之间 [49][50] - 未来公司的年化现金利息支出预计为3-3.1亿美元,年化现金税收支出预计为1.4-1.5亿美元 [54] 问答环节重要的提问和回答 问题1 **Lizzie Dove 提问** 提问了对消费者环境的看法,以及是否会调整之前的目标,特别是在收入方面 [96] **Richard Zimmerman 回答** 回答称,公司业绩在第二季度和上半年表现强劲,反映了公司业务模式的抗风险能力,公司仍有信心实现之前制定的目标 [97][98] 问题2 **James Hardiman 提问** 提问了Six Flags业务表现相对Cedar Fair较弱的原因,以及恢复Six Flags访客人次至疫前水平的计划和时间表 [103][104] **Richard Zimmerman 回答** 回答称,两家公司过去采取的策略略有不同,但未来将结合双方的优势,制定统一的策略以提升Six Flags的业绩,目标是在未来恢复Six Flags至疫前水平 [106][107] 问题3 **Steve Wieczynski 提问** 询问在恢复Six Flags访客人次的同时,如何平衡每客人支出,是否需要大幅降低价格 [109][110] **Richard Zimmerman 回答** 回答称,公司将根据不同市场的情况采取差异化的定价策略,通过提升客户体验来提高客户感知价值,而不是单纯依靠价格下调来拉动访客人次 [127][155][156]
Canada's Wonderland announces new record-breaking launch roller coaster for 2025
GlobeNewswire News Room· 2024-08-09 00:01
Vaughan, ON, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Canada’s Wonderland, an amusement park just north of Toronto, is inviting guests to face nature’s wrath next year on AlpenFury, the longest, tallest and fastest launch coaster in Canada. When fire and ice come together inside the mysterious Wonder Mountain, the force will propel riders into a thrilling journey beginning with a launch that blasts the train out the summit, 164 feet into the sky. The coaster will span 3,281 feet across the park, reaching speeds of ...
CAMP SNOOPY GETS BIGGER, BETTER, AND SNOOPY-ER IN 2025
Prnewswire· 2024-08-07 21:00
New Attractions: Snoopy's Racing Railway: Guests can join Snoopy as he races to deliver root beer and pizza to Camp Snoopy's Mess Hall, where Woodstock and his yellow bird buddies are causing quite a ruckus. This family-friendly steel launch coaster accelerates from 0 to 31 mph in seconds, providing an exhilarating adventure for all ages. Riders will experience exciting dips and wild turns, ensuring the delivery arrives safely and on time. Riders get double the fun as they race through the course twice. Ch ...
CONQUER THE SKIES WHEN RAPTERRA LAUNCHES INTO KINGS DOMINION
Prnewswire· 2024-07-31 17:00
Rapterra, inspired by the powerful Jungle Hawk, offers riders the sensation of flight. The adventure begins with a powerful launch, accelerating passengers to 65 miles per hour in just four seconds before ascending to its zenith over the Jungle X-Pedition midway. The ride then plummets into a dive loop, and navigates a series of thrilling aerial maneuvers, including an S-turn, a wing slide, a flat spin, an airtime hill, and a 360-degree raptor roll. The 89-second ride totals three inversions before a smooth ...
New Theme Park Powerhouse: Merger Creates Industry-Leading Stock
MarketBeat· 2024-07-11 23:46
Six Flags Entertainment NYSE: SIX announced last week the successful completion of its merger with Cedar Fair NYSE: FUN. The merger of these two firms in the consumer discretionary sector creates one of the largest theme park operators in North America. It will compete with firms such as the Walt Disney Company NYSE: DIS and Universal Studios. Going forward, the combined entity will operate under the name Six Flags Entertainment. Shares will trade on the New York Stock Exchange under the ticker symbol FUN.L ...
Six Flags-Cedar Fair merger creates largest amusement park operator in North America
New York Post· 2024-07-02 23:42
文章核心观点 - 六旗娱乐公司与凯达娱乐公司合并,形成北美最大的主题公园运营商[1][2][3][4][5] - 合并后公司估值达80亿美元,将结合双方的优势,提升游客体验,投资新的游乐设施和技术[2][3][6] - 合并后公司将在纽约证券交易所上市,总部设在北卡罗来纳州夏洛特,但保留俄亥俄州桑迪斯基的重要运营[6] 公司概况 - 合并前,凯达娱乐公司拥有11个区域性主题公园、4个水上公园和2个体育目的地[3][5] - 合并后,公司将拥有42个遍布美国、加拿大和墨西哥的主题公园[1][6] - 公司将由凯达娱乐公司现任总裁兼CEO理查德·齐默尔曼领导,六旗娱乐公司现任总裁兼CEO塞利姆·巴苏尔将担任执行董事长[5]
Six Flags merges with Cedar Fair to become largest amusement park operator in North America
Fox Business· 2024-07-02 19:50
Six Flags Entertainment Corporation says its merger with Cedar Fair Entertainment Company has now formed the "largest" amusement park operator in North America, with a new combined portfolio of 42 parks across the U.S., Canada and Mexico. The merger, which was completed Monday, puts the estimated value of the company at $8 billion and "brings together the strengths of both companies, combining Cedar Fair’s reputation for delivering exceptional guest experiences with Six Flags’ innovative ride and attraction ...
Cedar Fair (FUN) Soars 5.6%: Is Further Upside Left in the Stock?
ZACKS· 2024-06-13 21:02
Cedar Fair, L.P. (FUN) shares ended the last trading session 5.6% higher at $46.63. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.3% loss over the past four weeks. Shares of Cedar Fair surged following upbeat remarks from an analyst at B. Riley Securities regarding the merger with Six Flags Entertainment and revised price targets. The analyst predicts substantial shareholder value creation from the merger. Opti ...