Cedar Fair reports Q1 net loss $133M, record revenue $102M; declares $0.30 distribution

CEDAR FAIR L P

Q1 2024 net loss of $133M ($2.63/diluted LP unit) vs $135M loss ($2.61) in Q1 2023.
Record net revenues of $102M, up 20% from $85M; attendance rose 27% to 1.3M guests.
In-park per capita spending $60.53, down 6%; out-of-park revenues of $23M increased 21%.
Board declares $0.30/unit quarterly distribution, payable June 19, 2024 (unchanged).
Completed refinancing of $1B 5.5% notes due 2025 with $1B term loan due 2031 at SOFR+200bps; merger with Six Flags on track for Q2 close.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CEDAR FAIR L P reported first quarter ended March 31, 2024 results: revenue $102 million, net income net loss of $133 million.

Period: first quarter ended March 31, 2024
Revenue: $102 million
Net income: net loss of $133 million
Result: reported results

Exact text from the filing

For the quarter ended March 31, 2024, net revenues totaled $102 million on attendance of 1.3 million guests, compared with net revenues of $85 million on attendance of 1.1 million guests in the first quarter of 2023.

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Source: SEC EDGAR

accession 0000811532-24-000076

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