Friday, July 27, 2007

Six Flags Half Year Earnings

Yesterday Six Flags announced their 2nd Quarter results and thus provided numbers for the first six months of 2007. Here's some high(low?)lights.

· First six months, revenues up $28.4 million over '06.

· Guest spending up $0.96, to $36.65

· Attendance up 300,000 visits

· Costs were down $6.8 million, and would have been more but marketing increased $17.9 million during the first half of the year.

· Total loss for this period was reduced by $64.7 million from 2006. Half of this can be accounted to them ditching the properties sold to PARC Management.

Okay, enough facts. I think that things look a little brighter for the company, but as with every year the 3rd quarter will tell all.

It's becoming hard to gage results as they are constantly skewed by the company ownership transition and now the selling of all those parks. The accounting of these transactions keeps messing up the "big" picture, but if you zoom in on what's going on inside the gates of the parks they own, well, things aren't so bad.