Six Flags Inc. 1st-quarter revenue on higher attendance
Thursday April 17, 8:58 am ET
Six Flags Inc. 1st-quarer revenue rises as more customers visit parks and spend more
NEW YORK (AP) -- Six Flags Inc. said Thursday first-quarter revenue climbed 35 percent, helped by increased attendance and guest spending.
The theme park operator reported quarterly sales of $68 million compared with $50.7 million a year earlier
Analysts predicted revenue of $53.4 million
, according to a Thomson Financial poll.
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.
First-quarter guest spending rose 13 percent to $38.95 from $34.44 per person, reflecting higher admission prices, food and beverage, parking and other revenue.
Revenue from sponsorship and international fees climbed to $11.1 million from $7.8 million.
"With the cost of airline tickets going up and the hassle and frustration of air travel increasing, we believe Six Flags is well-positioned to be a preferred entertainment option this summer," President and Chief Executive Mark Shapiro said in a statement.
Six Flags has 21 theme parks in the U.S., Mexico and Canada.
March 18, 2008 - 10:00 AM EDT
Six Flags Announces First-Ever Professional Theme Park Cheerleading Team, Six Flags Thrilleaders
NEW YORK, March 18 /PRNewswire-FirstCall/ -- Six Flags (NYSE: SIX) announced today the launch of the first-ever professional, theme park cheerleading team -- Six Flags Thrilleaders. Making their public debut for the 2008 season, the Six Flags Thrillleaders will promote the company's unique brand of thrilling entertainment and become an integral part of Six Flags' ever-expanding entertainment offerings.
About Six Flags, Inc
Six Flags, Inc. is the world's largest regional theme park company with 21 parks across the United States
, Mexico and Canada
. Founded in 1961, Six Flags has provided world class entertainment for millions of families with cutting edge, record-shattering roller coasters and appointment programming with events like the popular Thursday and Sunday Night Concert Series. Now 47 years strong
, Six Flags is recognized as the preeminent thrill innovator while reaching to all demographics -- families, teens, tweens and thrill seekers alike -- with themed attractions based on the Looney Tunes characters, the Justice League of America, skateboarding legend Tony Hawk, The Wiggles and Thomas the Tank Engine. Six Flags, Inc. is a publicly-traded corporation (NYSE: SIX) headquartered in New York City. http://www.sixflags.com/
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