This story is part of The Enquirer’s ongoing coverage tracking the region’s economic recovery efforts.
Kings Island is set to open to season pass holders this weekend and to the general public on May 15.
Park officials are counting on visitors to flood back to the Mason amusement park after many stayed away during the first year of the COVID-19 pandemic.
They believe pent-up demand to get out, a hunger to return to normalcy and growing confidence from mass vaccinations will shut down the beleaguered industry’s own roller coaster ride of the last year.
General manager Mike Koontz says demand is still down from 2019 levels but rebounding. One of North America’s busiest parks, Kings Island attracted more than 3 million visitors in 2019.
Alteryx (NYSE: AYX),
Grayscale Digital Large Cap Fund (OTC: GDLC) would have a rough few days.
Alteryx stock retreated 5% for the week. Shares of the cloud-based provider of enterprise analytics did initially move higher after it posted better-than-expected quarterly results, but it slipped during the balance of the week.
Cedar Fair dropped by 2% last week. Earnings season didn t help the operator of regional amusement parks, and its shares have declined in the last four trading days.
Finally, there was Grayscale Digital Large Cap Fund. The exchange-traded fund that owns stakes in five leading cryptocurrencies soared 14% last week. It was a great week for digital currencies, and Grayscale soared despite its stiff premium to its net assets. That was enough to sink what was otherwise a good list of stocks to avoid.
• Monmouth Real Estate (NYSE:MNR) is likely to report earnings for its second quarter.
• EyePoint Pharmaceuticals (NASDAQ:EYPT) is likely to report quarterly loss at $0.46 per share on revenue of $7.93 million.
• Fortis (NYSE:FTS) is projected to report quarterly earnings at $0.75 per share on revenue of $2.50 billion.
• Madison Square Garden (NYSE:MSGS) is expected to report quarterly loss at $1.80 per share on revenue of $148.62 million.
• America First Multifamily (NASDAQ:ATAX) is projected to report quarterly earnings at $0.12 per share on revenue of $19.09 million.
• Ardmore Shipping (NYSE:ASC) is estimated to report quarterly loss at $0.31 per share on revenue of $24.86 million.
Share:
Business optimization initiative projected to drive superior results and enhanced value in the business
First-quarter cash burn better than expected
Cedar Fair Entertainment Company (NYSE:FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced results for its first quarter ended March 28, 2021. In our business, few things are more exciting and rewarding than reopening our parks each year for another FUN-filled season, said Cedar Fair President and CEO Richard A. Zimmerman. We are pleased that all of our U.S. properties are ready to reopen in May, and we can t wait to welcome back our guests, including our loyal season pass holders, many of whom may be returning for the first time since 2019. We anticipate strong pent-up demand for close-to-home, outdoor entertainment, and are committed to resuming normal park operations as quickly as possible so friends and families can enjoy our unique brand of large-scale entertainment.
Cedar Fair Reports Financials From a Quarter Without Visitors
May 5, 2021, 12:53 PM ·
Cedar Fair this morning reported its financial results for the first quarter of 2021 - a period in which the chain welcome no theme park guests nationwide.
Knott s Berry Farm is Cedar Fair s only year-round park and it remained closed as a theme park during the first three months of the year, due to California s pandemic restrictions. But the park did welcome guests for a variety of outdoor food festivals, allowing Cedar Fair to post $10 million in revenue for the quarter ended March 28. Still, that s a decline from $54 million for the same period in 2020, during which Knott s initially closed.