InvestorsHub Logo
Post# of 1706
Next 10
Followers 251
Posts 112275
Boards Moderated 15
Alias Born 08/30/2001

Re: None

Wednesday, 10/24/2018 11:31:39 AM

Wednesday, October 24, 2018 11:31:39 AM

Post# of 1706
Looks like I called it.



DJ Six Flags CEO: Weather Was Biggest Headwind in 3Q -- Market Talk
Dow Jones News11:28 AM Eastern Daylight Time Oct 24, 2018

11:28 ET - Six Flags CEO Jim Reid-Anderson says unfavorable weather conditions were a drag on attendance growth in 3Q, brushing off concerns that the company was losing resonance with park customers. In a conference call with analysts, he says more frequent rains in the East and excessive heat, and some flooding, in other parts of the US, hurt attendance. Reid-Anderson batted away questions about organic growth, a metric important to analysts, saying Six Flags doesn't break down park attendance details "for competitive reasons." Instead he points to guests with memberships or season passes rising 9% YOY. Shares fall 11% after a miss on earnings and revenue. Rivals are also trading lower with SeaWorld down 4.1% and Cedar Fair off 1.3%. (kimberly.chin@wsj.com)

(END) Dow Jones Newswires

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.