Cedar Fair L.P. (NYSE: FUN) reported Q3 EPS of ($2.41), $0.54 worse than the analyst estimate of ($1.87). Revenue for the quarter came in at $87 million versus the consensus estimate of $91.15 million.

Outlook

Zimmerman noted the Company is committed to reopening all of its properties for the 2021 season, while adding back many of the immersive events and attractions for which its parks are well known, including this year’s milestone anniversary celebrations the Company chose to postpone at Cedar Point and Knott’s Berry Farm as a result of the pandemic.

“As we look to return our business to some sense of normalcy, we acknowledge visibility around COVID-19 remains poor,” said Zimmerman. “Therefore, our plans for the 2021 season will provide our parks with maximum flexibility to tailor operations and programming as necessary in such a dynamic environment.”

Zimmerman concluded by adding, “Our teams are fully committed to executing upon a strategy for 2021 that taps into what we believe will be meaningful pent-up consumer demand to visit our parks and experience what’s new and improved since their last visit. At the same time, we remain focused on maintaining a disciplined approach around cash outflows, identifying and driving incremental system-wide operating efficiencies, and investing in new capabilities aimed at capitalizing on emerging shifts in consumer behavior and preferences.”

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