Six Flags performance | Q3 report 2022
Lance Hart takes a closer look at the performance figures coming out of Six Flags for Q3 2022 and explores the reasons behind the data.
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Lance Hart takes a closer look at the performance figures coming out of Six Flags for Q3 2022 and explores the reasons behind the data.
ClearBridge Investments, an investment management firm, published its “Mid Cap Strategy” third-quarter 2022 investor letter – a copy of which can be downloaded here.
A major investor wants to buy more of the amusement park company.
Theme park attendance fell 33% in the three months ending October 2 at Six Flags versus the same period one year earlier, the company reported today. The attendance drop contributed to a 21% decline in revenue for the quarter, from $638 million in 2021 to $505 million in 2022.
Analysts are worried about attendance, but management is more concerned with charging premium prices.