Six Flags Entertainment (SIX) Misses Q2 EPS by 65c, Revenues Miss

Six Flags Entertainment (NYSE: SIX) reported Q2 EPS of ($1.62), $0.65 worse than the analyst estimate of ($0.97). Revenue for the quarter came in at $19.14 million versus the consensus estimate of $56.95 million.

“I am very proud of our team’s performance in the face of unprecedented challenges from the pandemic. We have made transformational changes to park operations by leveraging our experience and technology to create industry-leading safety protocols. In close coordination with government leaders and local communities, these protocols have allowed us to reopen many of our parks while maintaining the safety of our team members and guests as our highest priority. Now more than ever, we believe our guests need opportunities for outdoor entertainment, and I am pleased that city and state officials have acknowledged our safety standards as a best-in-class example of how businesses can safely serve guests during this pandemic,” said Mike Spanos, President and CEO. “Additionally, I would like to thank our loyal season pass holders and members for their commitment to our company during this difficult period.”

“Our team is taking actions that will allow us to emerge a stronger and more profitable company,” continued Spanos, “and we have initiated a fundamental review of our business model with the goal of becoming a more agile, consumer-centric, and technology-savvy organization.”

For earnings history and earnings-related data on Six Flags Entertainment (SIX) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c