Six Flags Entmt Corp Stock Price, News & Analysis

Six Flags and Coca-Cola have extended their multi-year partnership, maintaining Coca-Cola's exclusive beverage rights across a wide range of products including Coke, Sprite, Dasani, and Powerade. This renewed collaboration aims to enhance guest experiences at Six Flags parks through innovative activations and unique offerings. Notably, they plan to introduce eGaming experiences in Summer 2023. The partnership is expected to engage millions of visitors with initiatives like VIP lounges and specialty beverages, further solidifying Six Flags' position as a leading regional theme park operator.

Six Flags Magic Mountain announces new events for Spring Break from March 9 to April 16, including the Scream Break after-hours haunt event and Tacos & Beer Fest. Scream Break features 14 nights of entertainment with haunted attractions, unlimited rides, and themed food options. Additionally, Tacos & Beer Fest offers gourmet tacos, desserts, and specialty drinks. The park promotes Double Ride Days and various food deals during the celebration. The Spring Pass Sale starts on March 17, providing upgrades and special offers for visitors to enjoy various attractions and events.

Six Flags Entertainment Corporation (NYSE: SIX) has appointed Edithann Velez Ramey as Chief Marketing Officer, effective February 27, 2022. Ms. Velez Ramey will lead the company’s marketing strategy, focusing on enhancing guest experience, driving growth, and improving brand awareness. With over 25 years in marketing with notable hospitality brands, she previously served at On The Border Restaurants and TopGolf Entertainment Group. Six Flags aims to revitalize its parks and boost attendance and customer loyalty through innovative marketing initiatives.

Six Flags Entertainment Corporation (NYSE: SIX) has appointed Marilyn Spiegel to its Board of Directors, effective immediately. Spiegel's extensive background in the hotel and entertainment industries is expected to enhance the company’s strategic direction, focusing on guest experience and profitable growth. She will stand for election alongside current board members at the 2023 Annual General Meeting. This decision follows constructive discussions with Land & Buildings Investment Management, which views Spiegel's appointment as a beneficial move for shareholders. Six Flags operates 27 parks across North America, emphasizing an inclusive environment.

Six Flags Entertainment Corporation (NYSE: SIX) is set to release its fourth quarter and full year financial results on March 2, 2023, prior to the market opening. An investor conference call will take place at 7:00 a.m. Central Time, accessible via the company's Investor Relations website or by phone. With 27 parks across the US, Mexico, and Canada, Six Flags is recognized as the largest regional theme park operator and water park operator in North America. The company has a rich history of entertaining families through thrilling rides and attractions for over 62 years.

Six Flags Entertainment Corporation (NYSE: SIX) announced its ongoing engagement with shareholders, including discussions with Land & Buildings Investment Management about monetizing real estate assets. The Board of Directors is focused on unlocking shareholder value and is encouraged by initial progress towards its strategic plan. With 27 parks across North America, Six Flags aims to enhance guest experiences while driving sustainable, long-term earnings growth.

Six Flags Magic Mountain is celebrating the holiday season with the return of Holiday in the Park, running from November 24 through January 1. The park will transform into a winter wonderland featuring over two million lights and various attractions. New additions this year include themed areas like the North Pole, Arctic Alley, Jingle Bell Way, and Glacier Point. Guests can enjoy festive foods and shop for holiday gifts. The event promises a magical experience for visitors of all ages.

Six Flags Entertainment Corporation (NYSE: SIX) has amended its Cooperation Agreement with H Partners, allowing H Partners to increase its stake in the company from 14.9% to 19.9%. The partnership is aimed at enhancing value for shareholders, with management making progress in its long-term growth strategy. Non-Executive Chairman Ben Baldanza emphasized H Partners' constructive role, while H Partners' director Arik Ruchim expressed optimism about the company's guest experience and earnings growth strategy.

Six Flags Entertainment Corporation (NYSE: SIX) reported a 21% drop in total revenue for Q3 2022, totaling $505 million, due to lower attendance, falling short by 33% compared to the previous year. Despite a 50% increase in guest spending per capita, net income decreased 26% year-over-year to $116 million. Adjusted EBITDA also fell 19% to $226 million. For the first nine months, revenue decreased 9% to $1,078 million as attendance suffered from price hikes and fewer promotional offerings.