News Column

Cedar Fair Reports 2014 First-Quarter Results

May 23, 2014

By a News Reporter-Staff News Editor at Entertainment Newsweekly -- Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and active entertainment, announced results for the first quarter ended March 30, 2014. Historically, first quarter results represent less than 5% of the Company's full-year net revenues as the vast majority of its parks and facilities are closed during this quarter. As a result, the Company typically operates at a loss during this period.

"We are pleased with our early-season trends through the end of April, which for the most part normalizes our operating calendar for the Easter and spring break holidays," said Matt Ouimet, Cedar Fair's president and chief executive officer. "Comparable-park net revenues through April are up approximately $7 million over the same four-month period last year. We have experienced strength in all aspects of our business, including early-season pass sales and group event bookings. At the parks that have been operating, attendance and in-park guest per capita spending are also trending higher than this time last year. Based on our record performance in 2013 and these strong early-season trends, we remain confident in our ability to execute on our long-term strategy and expect 2014 to be another record year for Cedar Fair."

Keywords for this news article include: Cedar Fair Entertainment Company.

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Source: Entertainment Newsweekly

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