SeaWorld's stock on track to open at 11-month high
SeaWorld's stock on track to open at 11-month high
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SeaWorld's stock on track to open at 11-month high
SeaWorld's stock soars 10% premarket after Q1 results
SeaWorld Entertainment Inc. reported Tuesday a first-quarter net loss that widened to $62.8 million, or 73 cents a share, from $61.1 million, or 72 cents a share, in the same period a year ago. The loss includes $21.5 million in expenses associated with separation costs and a legal settlement. The FactSet loss consensus was 77 cents a share. Revenue rose 16.5% to $217.2 million, above the FactSet consensus of $198.4 million, as 14.9% growth in attendance to 3.2 million guests beat expectations of 3.0 million guests. The theme park and entertainment company said the revenue increase was due primarily to increases in attendance and in-park per-capita spending, which was partially offset by lower admission per capita. The stock, which was still inactive in premarket trade, has run up 16.8% year to date, while the S&P 500 has lost less than 0.1%.
SeaWorld Q1 per-share loss 73 cents vs. loss 72 cents a year ago
SeaWorld Q1 revenue up 16.5% to $217.2 mln; FactSet consensus $198.4 mln
SeaWorld Entertainment Inc. shares fell in the extended session Thursday after the theme-park operator disclosed it expects a civil action from the Securities and Exchange Commission. SeaWorld shares fell 4.3% after hours, following a 0.8% decline to close at $15.40 Thursday. In a SEC filing late Thursday, SeaWorld said it received a Wells notice from the SEC on April 6. A Wells notice is a letter that the SEC sends to parties when it is considering bringing civil action against a person or firm. In June, SeaWorld received subpoenas from the Justice Department and the SEC regarding its response to the documentary "Blackfish," which criticized SeaWorld for its treatment of killer whales.
SeaWorld Entertainment Inc. Chief Executive Joel Manby is stepping down, as the theme-park operator said Tuesday its marine parks drew fewer visitors and its losses widened in the latest quarter. SeaWorld didn't give a reason for Mr. Manby's sudden departure, other than to say that the board and Mr. Manby agreed it was the right time to identify a new CEO as the company intensifies its turnaround efforts.
SeaWorld Entertainment Inc. reported Tuesday a fourth-quarter net loss that widened to $20.4 million, or 24 cents a share, from $11.9 million, or 14 cents a share, in the same period a year ago. The FactSet consensus for per-share losses was 19 cents. Revenue slipped 0.8% to $265.5 million, but topped the FactSet consensus of $259.0 million. Attendance declined 2.7% to 4.3 million, in line with the FactSet consensus, but total revenue per capita rose 2.0% to $62.3 million, beating expectations of $60.9 million. In-park per capita spending, which includes food and merchandise, grew 2.9% to $24.75 million. "Looking ahead to 2018 we are excited to see positive trends," said Interim Chief Executive John Reilly. "Year-to-date attendance and season pass sales to date have increased year-over-year, led by our SeaWorld San Diego park which is rebounding from a difficult 2017." The stock, which was still inactive in premarket trade, has soared 45.9% over the past three months, while the S&P 500 has gained 6.9%.
SeaWorld Q4 revenue per capita up 2.0% to $62.3 mln; FactSet consensus $60.9 mln
SeaWorld Q4 attendance down 2.7% to 4.26 mln
SeaWorld Q4 revenue $265.5 mln vs. $267.6 mln; FactSet consensus $259.0 mln
CORRECT: SeaWorld Q4 FactSet loss-per-share consensus 19 cents
SeaWorld Q4 per-share loss 24 cents vs. loss 14 cents a year ago
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SeaWorld Entertainment, Inc. is a theme park and entertainment company, which operates through its wholly owned subsidiary, SeaWorld Parks & Entertainment, Inc. The company engages in delivering personal, interactive and educational experiences that blend imagination with nature and enable its customers to celebrate, connect with and care for the natural world. Its portfolio of branded theme parks includes SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place. The SeaWorld is widely recognized as the marine-life theme park brand in the world. Its SeaWorld theme parks are located in Orlando, San Antonio, and San Diego. The Busch Gardens theme parks are family-oriented destinations designed to immerse guests in foreign geographic settings. The Aquatica branded water parks are premium, family-oriented destinations that are based in a South Seas-themed tropical setting. Aquatica water parks are build on the aquatic theme of its SeaWorld brand and feature high-energy rides, water attractions, white-sand beaches and an innovative and entertaining presentation of marine and terrestrial animals. The Discovery Cove offers guests personal, signature experiences, including the opportunity to swim and interact with dolphins, take an underwater walking reef tour and enjoy pristine white-sand beaches and landscaped private cabanas. The Sesame Place is a destination where parents and children can share in the spirit of imagination and experience Sesame Street together through whirling rides, water slides, colorful shows and furry friends. SeaWorld Entertainment was founded on October 2, 2009 and is headquartered in Orlando, FL. (See Full Profile)
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