Six Flags Entmt Corp Stock Price, News & Analysis

Six Flags Entertainment Corporation (NYSE: SIX) announced its recognition at Amusement Today’s Golden Ticket Awards, earning three awards including the 2022 Golden Ticket Leadership Award for Park President Jeffrey Siebert. Six Flags Fiesta Texas received the Turnstile Award and Six Flags Over Texas won Best New Show of 2022. The parks also secured top five rankings in various categories, reflecting their commitment to guest experience and innovative attractions. Six Flags continues to enhance its park offerings with new events and rides, contributing to its standing as a leader in the amusement industry.

Six Flags Entertainment Corporation (NYSE: SIX) reported a 5% decrease in total revenue for Q2 2022, totaling $435 million, primarily due to lower attendance and a $5 million drop in sponsorship revenue. Net income fell by 36% to $45 million, with earnings per share dropping to $0.53. Despite the decline, guest spending per capita surged by 23%, reaching $63.87. In the first half of 2022, revenue rose 6% to $574 million, driven by increased guest spending, although attendance was down 16%.

Six Flags Entertainment Corporation (NYSE: SIX) announced the appointment of Chieh Huang as an independent director, effective August 1, 2022, following the resignation of Denise M. Clark for personal reasons. Huang, co-founder and CEO of Boxed, Inc., brings a strong background in technology and entrepreneurship, which aligns with Six Flags' premiumization strategy aimed at enhancing guest experiences and driving profitable growth. The Board expressed gratitude for Clark's contributions during her service.

Six Flags Magic Mountain in Valencia, California, broke records with the launch of WONDER WOMAN™ Flight of Courage, marking its 20th coaster, the most at any theme park globally. This innovative ride features a 13-story drop and reaches speeds of 58 mph over 3,300 feet of track, showcasing three inversions. Opening on July 16, 2022, the ride is located in the new DC UNIVERSE area, enhancing the park's appeal and commitment to immersive experiences. The park aims to attract thrill-seekers of all ages with continuous attractions and expansions.

Six Flags Entertainment Corporation (NYSE:SIX) has launched a specialized restraint harness for guests with physical disabilities, marking it as the first theme park to offer access to all thrill rides. The parks are now Certified Autism Centers™, enhancing inclusivity for autistic guests through staff training and sensory guides. Approximately 98% of rides feature the new harness, and initiatives include dedicated sensory areas and an Accessibility Card program. These steps demonstrate Six Flags' commitment to diversity, equity, and inclusion across its 27 parks in North America.

Six Flags Entertainment Corporation (NYSE: SIX) will release its second quarter financial results on August 11, 2022, before market opening. An investor conference call is scheduled for 7:00 a.m. Central Time, accessible via the company’s Investor Relations website or through phone. As the largest regional theme park operator in North America, Six Flags operates 27 parks across the U.S., Mexico, and Canada, providing families with world-class attractions for over 60 years.

Six Flags Entertainment Corporation is inviting visitors to join the Coca-Cola July 4th Fest across eleven parks in the U.S. from July 2-4. Guests can save up to $20 on passes and enjoy fireworks, along with new offerings like the Patriotic Punch beverage. This event aims to create memorable experiences and celebrate Independence Day with special pricing and attractions.

Six Flags Entertainment Corporation (NYSE: SIX) appointed Gary Mick as Chief Financial Officer, effective June 1, 2022. Mick brings 40 years of experience and will oversee the company's financial strategy and planning. Steve Purtell, interim CFO since March 2022, transitions to Senior Vice President of Corporate Communications, continuing to support CEO Selim Bassoul. Mick's previous roles include President & CFO at Ice-O-Matic and Group President at Middleby Corporation, where he enhanced profitability and operations.

Six Flags St. Louis is launching two exciting new attractions this Memorial Day weekend: the CATWOMAN Whip and Adventure Cove. The CATWOMAN Whip is a thrilling ride that elevates guests 164 feet in the air at speeds of 52 mph, featuring open-air pods for an exhilarating experience. Adventure Cove offers a multi-level water play area with interactive features. These additions aim to enhance visitor experiences and cater to both thrill-seekers and younger guests.