disco2000 Posted February 15 Share Posted February 15 "Strong performance over the second half of the year, including record fourth quarter attendance, validates the strength and resiliency of the Company’s business model. Robust trends in long-lead indicators, including 2024 season pass sales, underscore the Company’s bright prospects for continued growth and value creation. For the year ended Dec. 31, 2023, net revenues totaled $1.80 billion on attendance of 26.7 million guests, compared with net revenues of $1.82 billion on attendance of 26.9 million guests in 2022. The decrease in net revenues reflects the impact of a 1%, or 247,000, decline in attendance and a 1%, or $0.60, decrease in in-park per capita spending, offset in part by a 5%, or $10 million, increase in out-of-park revenues. The decline in attendance was attributable to a year-over-year decrease in season pass sales and lower demand during the first half of the year due to inclement weather. " https://finance.yahoo.com/news/cedar-fair-reports-results-2023-090000314.html#:~:text=2023 Full-Year Highlights&text=Attendance totaled 26.7 million guests,or 5% compared with 2022. 1 Quote Link to comment Share on other sites More sharing options...
BoddaH1994 Posted February 15 Share Posted February 15 “Decrease in per capita as a result of a change in admissions mix.” Sounds like what I heard about a too big of a SP mix in Q4 was correct. They also mention they saved operating expense due to cutting seasonal and entertainment costs. If Grand Carnivale comes back, it’ll look a lot more like 2023 than 2019. 1 Quote Link to comment Share on other sites More sharing options...
disco2000 Posted February 15 Author Share Posted February 15 Plus a "Strong performance over the second half of the year, including record fourth quarter attendance, validates the strength and resiliency of the Company’s business model" means more bait and switch and cut stuff because we (the consumer) are proving that people will come regardless of the product being provided... All the griping about cuts to ride hours and entertainment and people still show up in record numbers justifies their cuts...at least short term... Quote Link to comment Share on other sites More sharing options...
BoddaH1994 Posted February 15 Share Posted February 15 SP revenue was down slightly as a result of the change in the program with the All Park Passport. That tells me that Prestige didn’t do well, since they would have mentioned it as an offset. 1 Quote Link to comment Share on other sites More sharing options...
disco2000 Posted February 15 Author Share Posted February 15 Grand Carnivale will be Mike and Chad driving around on the Trolley throwing out beads The streamers are still in the trees, so pump the volume of the soundtrack and people will assume they missed the parade like all those that thought they missed the parade for Winterfest LOL. 1 Quote Link to comment Share on other sites More sharing options...
Tr0y Posted February 15 Share Posted February 15 7 minutes ago, disco2000 said: Grand Carnivale will be Mike and Chad driving around on the Trolley throwing out beads Don’t forget to add Mike’s coat tail rider, Tony. Quote Link to comment Share on other sites More sharing options...
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