Bulletin
Investor Alert

London Markets Close in:

Market Pulse Archives

July 29, 2020, 7:29 a.m. EDT

Six Flags second-quarter revenue and attendance falls 96%

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Six Flags Entertainment Corp. (SIX)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Six Flags Entertainment Corp. /zigman2/quotes/208050417/composite SIX -2.68% reported a second-quarter net loss of $136.9 million, or $1.62 per share, after net income of $79.5 million, or 94 cents per share, last year. The FactSet consensus was for a loss of $1.02 per share. Revenue fell 96% to $19.1 million from $477.2 million last year. The FactSet consensus was for $50.6 million. Attendance was also down 96% to 433,000 guests. Total guest spending per capita was down 15% to $35.77. North American park operations stopped on March 13 due to the coronavirus pandemic. Partial operations of many parks resumed on a staggered basis and with limited attendance towards the end of the quarter. As of June 30, Six Flags had $296 million cash on hand and $460 million available under its revolving credit facility. Six Flags stock slipped 1% in Wednesday premarket trading and is down 57.5% for the year to date. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.40% has fallen 0.4% for 2020 so far.

/zigman2/quotes/208050417/composite
US : U.S.: NYSE
$ 19.76
-0.55 -2.68%
Volume: 678,677
Oct. 1, 2020 11:06a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$1.72 billion
Rev. per Employee
$609,878
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,376.58
+13.58 +0.40%
Volume: 671.66M
Oct. 1, 2020 11:06a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.