Six Flags 2Q Miss Seen as More Optical than Operational

Dow Jones
Aug 07

1423 ET - Mizuho says that if you "look through the noise" Six Flags' 2Q was a "decent print." Analyst Ben Chaiken says attendance was healthy at 3.5% growth on a same-park basis, which is "encouraging in the context of operating days, which were 200bps lower than we were anticipating." While same-park Ebitda of $249 million was a miss, it was "more optical than is appreciated," he says in a note. He chalks it up to "several moving parts" including the sale of seven parks and a closure. "The 'same-store' attendance from the prior year that we (and presumably the broader market)was using, was 520K too high (thus inflating 2Q26 estimates/bar)," Chaiken says. This accounts for the majority of the revenue and Ebitda miss, "with slightly lower per-caps the remaining delta," Chaiken says. Six Flags tumbles 17%.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10