Six Flags Q2 Total Guest Spending Per Capita $60.76 (-5%), Admissions Spending Per Capita $33.79 (-7%)
Portfolio Pulse from Benzinga Newsdesk
Six Flags Entertainment Corporation's Q2 report shows a decrease in total guest spending per capita by 5% to $60.76 and admissions spending per capita by 7% to $33.79. However, total revenue increased by 2% to $444 million, and attendance rose by 6%. Net income attributable to Six Flags dropped by 55% to $21 million, and net income per share decreased by 53% to $0.25.
August 10, 2023 | 10:06 am
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Six Flags' Q2 report shows mixed results with decreases in per capita spending but increases in total revenue and attendance. Net income and income per share have significantly decreased.
The decrease in per capita spending could indicate less profitability per customer, which is a negative sign. However, the increase in total revenue and attendance shows that the company is still attracting customers. The significant decrease in net income and income per share is a concerning sign for investors, potentially leading to a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100