Cedar Fair Reports Results for Its 2020 First Quarter
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Cedar Fair L.P. (FUN) Misses Q1 EPS by $2.14, Revenues Miss
May 6, 2020 5:52 AM EDTCedar Fair L.P. (NYSE: FUN) reported Q1 EPS of ($3.83), $2.14 worse than the analyst estimate of ($1.69). Revenue for the quarter came in at $53.64 million versus the consensus estimate of $55.98 million.
First-Quarter Results
For the first quarter ended March 29, 2020, Cedar Fairs net revenues totaled $54 million compared with $67 million for last years first quarter ended March 31, 2019. The decrease in net revenues for the period was the direct result of a 239,000-visit decrease in attendance and a $3 million decrease in out-of-park revenues, both shortfalls due to COVID-19-related park closures beginning March 14, 2020,... More