Wednesday, November 6, 2019 8:36 AM
Cedar Fair Entertainment Company today announced results for the third quarter ended September 29, 2019, and record year-to-date performance trends through November 3, 2019. The company also announced an increase in its quarterly cash distribution rate.
Results for the third quarter of 2019 are not directly comparable with the third quarter of 2018, as the current period includes results from the operations of the recently acquired Schlitterbahn water parks since the July 1, 2019 acquisition date. Year-over-year, third-quarter comparisons are also affected by 53 fewer operating days (combined across the legacy Cedar Fair parks) in the third quarter of 2019, due to a shift in this year’s fiscal calendar. For purposes of the same-park/same-week basis discussions, the current period excludes the results of the Schlitterbahn water parks and the prior period is the 13-week period ended September 30, 2018.