Cedar Fair, L.P. Reports Earnings Results for the Second Quarter Ended June 27, 2021
August 04, 2021 at 04:00 am EDT
Share
Cedar Fair, L.P. Announced earnings results for the second quarter ended June 27, 2021. For the second quarter, the company announced total revenue was USD 224.137 million compared to USD 6.586 million a year ago. Operating loss was USD 38.433 million compared to USD 142.088 million a year ago. Net loss was USD 58.869 million compared to USD 132.550 million a year ago. For the half year, total revenue was USD 233.879 million compared to USD 60.221 million a year ago. Operating loss was USD 130.491 million compared to USD 326.051 million a year ago. Net loss was USD 169.284 million compared to USD 348.525 million a year ago.
Cedar Fair, L.P. is a regional amusement park operator. The Company operates approximately 13 properties, consisting of 11 amusement parks, four separately gated outdoor water parks, and resort accommodations totaling more than 2,300 rooms and 600 luxury recreational vehicle (RV) sites. Its parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with rides and immersive entertainment. Its parks operate seasonally except for Knott's Berry Farm, which is typically open daily on a year-round basis. Its seasonal parks are generally open daily from Memorial Day until Labor Day. In addition to daily operations, its seasonal parks are open during select weekends, including at various properties in the fourth quarter for Halloween and winter events. Its Cedar Fairs parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, Texas and Toronto, Ontario.