SIX: Six Flags Earnings Rise as Attendance Drops

Attendance was down 8% in Q2 2014

   

SIX: Six Flags Earnings Rise as Attendance Drops

Six Flags Entertainment (SIX) saw earnings rise as less guests attended its parks in the second quarter of 2014.

SixFlags185 SIX: Six Flags Earnings Rise as Attendance DropsSix Flags posted earnings of $377 million in the second quarter of 2014. This is a 4% increase over earnings from the same time last year. The company also saw total guests spending at its parks increase by 11%.

Six Flags reported increased earnings despite the fact that less people attended its parks in Q2 of 2014. The company’s report states that park attendance was down by 8% during the second quarter. The company blames the decrease in attendance on severe winter weather that resulted in more schools extending their schedules.

The number of people who own season passes and memberships at Six Flags parks increased by 9% from June 30, 2013 to June 30, 2014.

SIX shares were down 6% as of Monday afternoon.

More Stocks to Watch


Article printed from InvestorPlace Media, http://investorplace.com/2014/07/six-six-flags/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.