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After a steep drop in attendance, the theme-park operator is trying to upgrade its brand; the wafting aroma of barbecue.
Six Flags Magic Mountain visitors will soon have one less line to wait in and more time to spend riding roller coasters when a new Amazon-powered grab-and-go cashierless shop opens at the Valencia amusement park.
Six Flags took significant price increases in 2022, causing a 26% drop in attendance YOY. Management acknowledged the aggressive pricing approach in the Q4 2022 call and plans to adopt a more relaxed strategy in the upcoming year to address the situation.
Six Flags is aiming for a big summer season. Investors might want to watch this stock for now.
Six Flags Entertainment Corporation NYSE: SIX reported its first-quarter 2023 earnings results. Shares are rising by as much as 21.3% in a massive rally, representing the most significant opportunity for shareholders since the post-pandemic rally.
"2022 was a year of transition. Many initiatives were successful and some were not.
Shares of Six Flags Entertainment Corp. rocketed Monday, toward their best day in more than three years, after the theme park operator reported record first-quarter revenue beat expectations, as record guest spending helped offset a decline in attendance.
Markets gave up a bit of ground Monday morning. Shares of Zscaler jumped after the cybersecurity specialist released preliminary quarterly results that were better than most investors had expected.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in stock for Six Flags following first-quarter earnings.
Six Flags Entertainment (NYSE:SIX) reported record first-quarter revenue that beat expectations and a smaller-than-expected loss, sending its shares up by over a fifth in early trade. The world's largest regional theme park company and the largest operator of water parks in North America grew revenue by 3% to $142 million for the three months to April 2, 2023, above the $132.7 million Zacks consensus estimates.