Cedar Fair Q4 Sales $371.12M Beat $366.96M Estimate, Net Loss of $(10)M Compared to Net Income of $12M YoY
Portfolio Pulse from Benzinga Newsdesk
Cedar Fair (NYSE:FUN) reported Q4 sales of $371.12M, surpassing the $366.96M estimate, marking a 1.13% beat and a 1.40% increase YoY. However, the company experienced a net loss of $10M compared to a net income of $12M in the previous year.
February 15, 2024 | 9:02 am
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Cedar Fair reported higher than expected Q4 sales but shifted from a net income to a net loss year-over-year.
While the sales beat is positive, indicating potential growth or operational efficiency, the shift to a net loss could raise concerns among investors about profitability and cost management. The mixed results make the short-term impact on the stock price uncertain, as investors weigh the positive sales performance against the concerns over profitability.
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