Welcome to our dedicated page for Six Flags Entertainment news (Ticker: FUN), a resource for investors and traders seeking the latest updates and insights on Six Flags Entertainment stock.
Six Flags Entertainment Corporation reports news on its regional amusement-resort business, including amusement parks, water parks and resort properties in North America. Company updates cover park attendance, guest spending, season pass and membership activity, food and beverage sales, accommodations, games and merchandise, along with the seasonal earnings profile of its park portfolio.
Recurring developments also include new rides and park enhancements, such as coaster additions, marketing partnerships, licensed entertainment using brands such as Looney Tunes, DC Comics and PEANUTS, capital-structure commentary, and governance changes involving the board and senior leadership.
Summary not available.
Summary not available.
Cedar Fair Entertainment Company (NYSE: FUN) will release its 2023 first-quarter financial results on May 4, 2023, before the market opens. Following this, management will host a conference call at 10 a.m. EDT to discuss these results and provide insights into the company's business outlook. Key executives, including President and CEO Richard Zimmerman and CFO Brian Witherow, will participate in the call. Investors can access the live audio webcast on Cedar Fair's investor site and a recorded version shortly afterward. Cedar Fair operates 13 properties, including 11 amusement parks and 4 water parks, focusing on providing immersive and memorable experiences.
Cedar Fair Entertainment Company (NYSE: FUN) has appointed Monica Sauls as the new Senior Vice President and Chief Human Resources Officer. Based in Charlotte, North Carolina, she will report to Richard A. Zimmerman, the company's President and CEO. Sauls brings over 20 years of experience from roles at companies like Bojangles and Boeing, where she significantly improved employee engagement and organizational culture. Zimmerman expressed confidence in Sauls' ability to drive innovation and revenue growth as Cedar Fair continues to execute its long-range strategic plan.
Cedar Fair (NYSE: FUN) has announced the availability of its 2022 tax packages, including Schedule K-1, which can be accessed online at Cedar Fair’s website under the Unitholder Resources tab. The company expects to complete mailing these packages by March 10, 2023. Unitholders can reach the K-1 Tax Package Support Team on weekdays from 9 a.m. to 6 p.m. ET at 866-569-8675. Cedar Fair operates 13 properties, providing immersive entertainment experiences across several states and Toronto, Ontario.
Kings Dominion Celebrates Presidents' Day Weekend
On February 16, 2023, Kings Dominion amusement park in Doswell, VA, announced it would offer free admission to all current and former U.S. Presidents during the Presidents' Day weekend. This gesture aims to honor the holiday and is promoted via the park's social media channels. Although the park remains open year-round, it has yet to confirm attendance from President Biden or any former presidents. Kings Dominion is part of Cedar Fair Entertainment Company (NYSE: FUN) and features over 60 rides, including 12 roller coasters and a 20-acre water park.
Cedar Fair reported record 2022 performance with net revenues of $1.82 billion, a 36% increase over 2021, and net income of $308 million, up from a $49 million loss in 2021. Attendance grew by 38% year-over-year to 26.9 million guests, though still down 4% from 2019 levels. In-park per capita spending decreased slightly to $61.65. The company also achieved a record Adjusted EBITDA of $552 million, reflecting a 70% year-over-year increase. Additionally, Cedar Fair announced a quarterly cash distribution of $0.30 per LP unit, payable March 21, 2023, while strengthening its balance sheet by repaying $264 million in debt, bringing net leverage to 4.0x Adjusted EBITDA.
Cedar Fair Entertainment Company (NYSE: FUN) announced the opening of Cedar Point Esports in May at the Cedar Point Sports Center, Sandusky, Ohio. This initial phase will feature a 1,000-square-foot space with 32 competitive gaming stations and the capability to broadcast and produce live content. The facility aims to become the premier gaming destination in Northern Ohio, supporting local esports teams and hosting gaming events. This development is part of a broader $50 million investment in the Sports Center, which has been a key driver of local economic growth and attracted amateur sports teams.
Cedar Fair Entertainment Company (NYSE: FUN) is set to host its largest-ever hiring event from February 18-24, 2023, aiming to fill approximately 35,000 seasonal positions across its parks in the U.S. and Canada. The company expects to hire up to 80% of these roles, translating to around 28,000 jobs. Positions include ride operators, food and beverage, lifeguards, and security, with competitive wages and benefits. Cedar Fair will also unveil new themed areas and upgrades across its parks for the 2023 season, enhancing guest experiences and celebrating notable anniversaries.
Cedar Fair Entertainment Company (NYSE: FUN) will release its 2022 fourth-quarter and full-year financial results on February 16, 2023, before the market opens. A conference call will follow at 10 a.m. EST with key executives discussing financial results and future business outlook. Cedar Fair operates 13 amusement and water parks across various states, focusing on providing immersive entertainment experiences. Investors can access the live webcast or a recorded version on the company's investor relations site.