Six Flags 2Q Miss Seen as More Optical than Operational

Dow Jones
08/07

1423 ET - Mizuho says that if you "look through the noise" Six Flags' 2Q was a "decent print." Analyst Ben Chaiken says attendance was healthy at 3.5% growth on a same-park basis, which is "encouraging in the context of operating days, which were 200bps lower than we were anticipating." While same-park Ebitda of $249 million was a miss, it was "more optical than is appreciated," he says in a note. He chalks it up to "several moving parts" including the sale of seven parks and a closure. "The 'same-store' attendance from the prior year that we (and presumably the broader market)was using, was 520K too high (thus inflating 2Q26 estimates/bar)," Chaiken says. This accounts for the majority of the revenue and Ebitda miss, "with slightly lower per-caps the remaining delta," Chaiken says. Six Flags tumbles 17%.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10