So Cedar Fair posted a great 3rd quarter of profits. I'm sure a solid Halloween Haunt season helped, not only here at Knott's - but at the other parks. Again, Ouimet is doing a fantastic job turning Cedar Fair around.
- Cedar Fair reported record net revenues of $592.1 million in the third quarter. This 7% increase over last year's third quarter reflects the Company's continued success in increasing revenues across all areas of its business, including attendance, in-park guest spending and out-of-park revenues.
- Cedar Fair's parks are on pace for a fourth straight record year as net revenues through November 3, 2013 increased 6% and comparable park attendance increased 2% when compared with the same period last year.
- On the strength of its core operating season, the Company now expects to achieve full-year net revenues between $1.125 billion and $1.135 billion. It also anticipates being at the high end of its Adjusted EBITDA guidance range of $415 million to $425 million, a 6% to 9% increase over last year's record Adjusted EBITDA.
- The Company believes the continued strength of its business model, combined with strategic capital investments, will allow it to achieve its FUNforward long-term growth goal of $450 million in Adjusted EBITDA earlier than its original target of 2016.
Bigger news, their "first" of their "Amusement Dark" portfolio sounds interesting:
"We will also introduce the first edition of our Amusement Dark portfolio - Guardian of Wonder Mountain at Canada's Wonderland. This innovative new ride combines a coaster track with an interactive digital gaming system. The longest interactive screen in the world provides a compelling adventure in search of the dragon's gold and, as Halloween approaches, the adventure changes as zombies make their presence known."
Notice it says "First Edition" - this might be a trial run. Hope it means that Knott's gets a dark ride eventually.
Full Press Release.