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Six Flags Right Behind Cedar Fair for Q1
Submitted By: Hyde244
Published: May 8th 2008

Like Cedar Fair, Six Flags reported for a good Q1 thanks to warm weather and an early Easter holiday.

The company reported a $68.2 million net revenue, 35% up from last year's $50.7 million.

Cedar Fair to reported a 35% increase in net revenue for Q1.

More good news boded for Six Flags in that the company only lost $149.9 million, less than $170.6 million last year.

"Our strategy is taking hold - a better guest experience is triggering a higher in-park spend; our high-margin sponsorship and licensing business is healthy, and our cost efficiency strategy is real," said President and Chief Executive Mark Shapiro.

Though this report is less than wallstreet's expecations for the company, Six Flags' finances are definitely headed in the right direction.

Source: Forbes

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