Cedar Fair 3rd QTR 2015 Conference Call

[Oldschool75]

It was a good year for CF

• Through November 1st the company's revenue is a record $1.2 billion, up 7% from 2014.  This is paired with record levels of both attendance (23.6 million, up 1 million guests) and guest spending.
• The company's trial of a new mobile app that includes wait times and replaces a traditional physical season pass was a hit at Kings Island, and will be rolled out to other parks soon.

   

  • FunPix will debut at the chain's 5 largest parks next year.  The program will allows guests to digitally share photos from their visits.

• Cedar Fair is continuing to work on the multimillion dollar sports complex located near Cedar Point, with an opening expected in late 2016.

 

• California's Great America will debut a new "winter event' in 2016, without much detail given.  They will leverage the knowledge gained from the success of Knott's Merry Farm in their attempt.  In the future the winter event could come to multiple parks, but not at all of them.

• Knott's Berry Farm for the first time surpassed 4 million visitors, that's in all of its history.  The response to the changes at the park has been so good Cedar Fair now believe there is plenty of more room to grow.

 

 

http://www.newsplusnotes.blogspot.com/2015/11/heard-on-cedar-fairs-3rd-quarter-2015.html

[The Interpreter]

See also:

http://www.KICentral.com/forums/index.php/topic/31567-cedar-fair-posts-higher-profits/

Note that the year still has another quarter. As your topic title notes, this was a third quarter conference call. Results do not include even the last month of most of the Park's seasons...