SeaWorld Entertainment Q2 EPS Miss Estimates As Attendance Declines
Portfolio Pulse from Shivani Kumaresan
SeaWorld Entertainment Inc reported a Q2 FY23 sales decline of 1.75% year-on-year to $496 million, beating the analyst consensus estimate of $494.19 million. Attendance decreased due to adverse weather and the fall-out from Canadian wildfires. Revenue per capita and in-park per capita spending slightly increased. Total costs and expenses rose 4.2% Y/Y to $340.6 million. Adjusted EBITDA decreased 4.4% Y/Y. EPS of $1.35 missed the analyst consensus of $1.78. The company held $146.7 million in cash and equivalents as of June 30, 2023.
August 08, 2023 | 12:31 pm
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NEGATIVE IMPACT
SeaWorld's Q2 FY23 sales beat estimates but EPS missed, and attendance decreased due to adverse weather. Shares traded lower in premarket.
SeaWorld's Q2 sales beat estimates, which is positive. However, the EPS missed estimates and attendance decreased, which are negative. The stock traded lower in premarket, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100