Six Flags Has Record Quarter
January 8, 2008 – 10:23 amThe amusement park business is doing quite well, based on reports by Six Flags. They had their best quarter ever in 2007.
Total revenue for the 2007 fourth quarter increased 7% to approximately $111 million from $104 million in the prior-year period. Attendance increased 0.1 million, or 4%, to 2.8 million from 2.7 million in the prior-year period, driven by December performance.
The Company also announced an increase in 2008 season pass sales during the fourth quarter. As of December 31, 2007, advance sales of 2008 season passes increased by a significant double-digit percentage compared to the number of 2007 season passes sold as of December 31, 2006. The number of season passes sold through December historically represents less than 10% of the total number of season passes to be sold for the year.
Mark Shapiro, Six Flags President and CEO, provided the following commentary on the Company’s performance:
“Our fourth quarter attendance and revenue performance along with the advance sales of 2008 season passes provide solid evidence that, notwithstanding the economic headwinds that many sectors have been experiencing for the last several months, our guests’ desire to enjoy a
convenient, affordable, and family-friendly entertainment offering at Six
Flags remains strong.
The company owns 21 theme parks worldwide.
For more information: Six Flag
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