Six Flags Entertainment Posts Q2 Earnings Below Street View
Portfolio Pulse from Shivani Kumaresan
Six Flags Entertainment Corp (NYSE:SIX) reported Q2 FY23 sales growth of 2% year-on-year to $443.71 million, missing the analyst consensus of $459.03 million. Attendance increased by 6% Y/Y, while total guest spending per capita decreased by 5% Y/Y. The operating income fell 21.9% to $113.3 million. Adjusted EPS for the quarter of $0.72 missed the estimate of $0.78. SIX shares traded lower by 2.19% premarket.
August 10, 2023 | 12:58 pm
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NEGATIVE IMPACT
Six Flags reported lower than expected Q2 FY23 sales and adjusted EPS, leading to a premarket drop in its share price.
Six Flags reported Q2 FY23 sales and adjusted EPS that were lower than analyst estimates. This negative earnings surprise is likely to have a short-term negative impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100