Friday, February 13, 2009

Cedar Fair 2008 Financials

Cedar Fair released their full 2008 financials yesterday, press release here, and then had a conference call to discuss the details, transcript found here.

The company announced revenues for the year of $996 million, and total attendance of 22.7 million. For a tough economic picture in 2008, these results are pretty nice. Many folks must have pursued those "staycations" that were all the rage.
The press releases mention that Canada's Wonderland had a blockbuster season courtesy of Behemoth, and Kings Island did well also.
The company also had to face several questions about the possible cut to the distribution they pay. This seems inevitable at this point, though the company is staying mum on whether they think this will definitely happen or not for now.