The Interpreter Posted May 6, 2008 Share Posted May 6, 2008 http://biz.yahoo.com/ap/080506/earns_cedar...nment.html?.v=1 Company press release: http://money.cnn.com/news/newsfeeds/articl...____CLTU024.htm Quote Link to comment Share on other sites More sharing options...
welchce Posted May 6, 2008 Share Posted May 6, 2008 Admission revenue rose to $17.6 million from $11.3 million, while food, merchandise and games sales improved to $17.7 million from $14 million. So people are spending as much on Food, Merchandise, and Games as they are on Admission? Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted May 6, 2008 Share Posted May 6, 2008 Admission revenue rose to $17.6 million from $11.3 million, while food, merchandise and games sales improved to $17.7 million from $14 million. So people are spending as much on Food, Merchandise, and Games as they are on Admission? Really not a great indicator of what is happening. Ya have to remember, 1Q is based upon most of CF's parks not even operating. (And the ones that are operating, have only done so for a week or three.) Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 6, 2008 Author Share Posted May 6, 2008 And funny how when it benefits the company to do so, you hear about EBITDA all over the place...but when that measure doesn't show the results that traditional results do, EBITDA is not emphasized... Quote Link to comment Share on other sites More sharing options...
welchce Posted May 6, 2008 Share Posted May 6, 2008 Ya have to remember, 1Q is based upon most of CF's parks not even operating. (And the ones that are operating, have only done so for a week or three.) But wouldn't the admission numbers still include season passes purchased? And you can't really get any food or play any games when the park isn't open. Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted May 6, 2008 Share Posted May 6, 2008 Ya have to remember, 1Q is based upon most of CF's parks not even operating. (And the ones that are operating, have only done so for a week or three.) But wouldn't the admission numbers still include season passes purchased? And you can't really get any food or play any games when the park isn't open. That's just it. It's based upon very limited numbers and the few days that a few parks were open. Quote Link to comment Share on other sites More sharing options...
welchce Posted May 6, 2008 Share Posted May 6, 2008 I guess I'm just confused with how the food/games/merchandise numbers could be more than the admission when people aren't in the parks but can still purchase tickets. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted May 6, 2008 Author Share Posted May 6, 2008 As Mr. Kinzel said during today's conference call, season's pass (his term) sales are amortized and the revenue recorded when the guest visits are anticipated...not when sold. Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted May 6, 2008 Share Posted May 6, 2008 As Mr. Kinzel said during today's conference call, season's pass (his term) sales are amortized and the revenue recorded when the guest visits are anticipated...not when sold. OH WOW! New Math .... CF Style! Quote Link to comment Share on other sites More sharing options...
cholderfield Posted May 6, 2008 Share Posted May 6, 2008 As Mr. Kinzel said during today's conference call, season's pass (his term) sales are amortized and the revenue recorded when the guest visits are anticipated...not when sold. OH WOW! New Math .... CF Style! Anticipated meaning...when they feel like recording them? Quote Link to comment Share on other sites More sharing options...
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