United Parks Widens Q1 Loss to $34.1 Million as Revenue Falls 3% on Weaker Attendance
Updated
Updated · MarketWatch · May 11
United Parks Widens Q1 Loss to $34.1 Million as Revenue Falls 3% on Weaker Attendance
10 articles · Updated · MarketWatch · May 11
$34.1 million in first-quarter loss—69 cents a share—more than doubled from $16.1 million a year earlier and missed analysts’ 35-cent loss estimate.
Revenue slipped 3% to $278.3 million, just below Wall Street’s $279.9 million forecast, as total attendance fell to 3.2 million guests from a year earlier.
140,000 fewer visits came from unfavorable weather in San Diego, Florida and Texas, while weaker international travel cut another 80,000 guests.
In-park spending partly offset the attendance drop, rising 5.3% to $40.62 per guest.
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