Cedar Fair L.P. (FUN) Misses Q4 EPS by 24c, Revenue Beats, Offers FY15 Outlook

Cedar Fair L.P. (NYSE: FUN) reported Q4 EPS of ($0.32), $0.24 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $160.8 million versus the consensus estimate of $151.77 million.

Outlook

"For the 2015 season, we are confident our guests will find even more reasons to visit our parks and share a day with family and friends filled with laughter and memories that last a lifetime," said Ouimet. "Our marketable capital projects are scheduled to open on time and on budget, including Fury325, the world's tallest and fastest giga coaster, at Carowinds, and Voyage to the Iron Reef at Knott's Berry Farm, a thrilling, family-friendly interactive 4-D dark ride and the second edition of our amusement dark portfolio. Additionally, our capital plans include the introduction of Rougarou, a new coaster experience, at Cedar Point and the debut of our newly renovated historic Hotel Breakers, located on the park's mile-long beach in Sandusky, Ohio."

Ouimet concluded by saying, "I am proud of what our leadership team and employees were able to accomplish this year -- producing strong results in the near-term while remaining respectful of what we need to do to protect and grow our business going forward. We remain confident in our ability to achieve our FUNforward long-term growth goal of $450 million, or more, in Adjusted EBITDA by 2016."

For earnings history and earnings-related data on Cedar Fair L.P. (FUN) click here.

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