Attendance hits Six Flags profit
From Times Wire Services
Six Flags Inc., the second-largest U.S. theme-park operator, reported third-quarter profit and sales below analysts’ estimates.
Six Flags fell 44 cents, or 16%, to $2.25.
Third-quarter profit dropped 46% as attendance fell on bad weather in Texas and Georgia in July, Six Flags said. The company was also hurt by bad publicity after a 13-year-old girl’s feet were severed on a ride at its Kentucky park in June.
Net income decreased to $89.7 million, or 61 cents a share, from $164.7 million, or $1.08, a year earlier, the New York-based company said. Sales fell 1.9% to $465.2 million, missing analysts’ estimates.
Attendance fell 3% in the latest quarter to 12 million visitors.
