Cedar Fair reports results for its 2020 first quarter

Company secures incremental liquidity through successful $1.0 billion notes offering and $100 million expansion of its revolving credit facility

Wednesday, May 6, 2020 7:32 AM

For the first quarter ended March 29, 2020, Cedar Fair’s net revenues totaled $54 million compared with $67 million for last year’s first quarter ended March 31, 2019. The decrease in net revenues for the period was the direct result of a 239,000-visit decrease in attendance and a $3 million decrease in out-of-park revenues, both shortfalls due to COVID-19-related park closures beginning March 14, 2020, through the end of the quarter.

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