Cedar Fair Press Releases Cedar. Fair. com. 073. 02. SANDUSKY, Ohio, Aug. PRNewswire  Cedar Fair Entertainment Company NYSE FUN, a leader in regional amusement parks, water parks and active entertainment, today announced record results for the second quarter ended June 2. The Company also provided preliminary attendance and net revenues through Sunday, August 2, 2. In my salad days I posted some supremely unflattering selfies. I was a photo newbie, a bearded amateur mugging for the camera. Im happy to say that the results of. That price gets you into one movie showing every single day at any theater in the U. S. that accepts debit cards this does not include 3D or Imax showings. Highlights Cedar Fair reported record net revenues of 4. June 2. 8, 2. 01. This 5 increase over the same period last year reflects the Companys continued success in all areas of its business, including attendance, guest spending and out of park revenues. Cedar Fair is on track for a sixth consecutive year of record results. Net revenues through this past Sunday, August 2, 2. The Company declared a quarterly cash distribution of 0. Limited Partner LP unit payable September 1. Recipes, Crafts and Activities. Popular Posts. Disney Family Game Night. The Best Disney Cupcakes. Top 10 Disney Princess Recipes for your DisneyWeekend. Mobile toplist for mobile web sites. We have over 2000 registered sites. LP unit. Cedar Fair remains confident in its long term business strategy and its ability to generate 5. Adjusted EBITDA by 2. We are pleased with the strength we have experienced across all areas of our business during the first half of this year and into July, said Matt Ouimet, Cedar Fairs president and chief executive officer. The combination of increases in attendance, guest spending and revenues from our resort accommodations gives us confidence that our long term strategy of enhancing the guest experience and investing in our parks is resonating with our customers. Our strategy heading into 2. Ouimet.   The successful launch in March of Fury 3. Carowinds, and the introduction in May of Voyage to the Iron Reef, an interactive dark ride at Knotts Berry Farm, were strong contributors to the record first half. We are also pleased that our guests are visiting more often and spending more while at our parks. We believe this is a direct result of our investments to enhance the overall guest experience, including more special events, midway entertainment and other targeted guest offerings. These investments provide each guest with a Best Day experience, whether it is their first time visiting us or their tenth time. Finally, the grand re opening of our historic Hotel Breakers at Cedar Point led the double digit increase in our out of park revenues for the first half of 2. Download Strawberry Shortcake: Adventures On Ice Cream Island Movie' title='Download Strawberry Shortcake: Adventures On Ice Cream Island Movie' />Ouimet continued by stating, Providing a world class experience for guests of all ages is at the core of everything we do. Download The New Jay And Silent Bob`S Super Groovy Cartoon Movie Movie. Our parks are not just a place to ride rides, but a place to make lasting memories with your families and friends. We believe our commitment to our guests will result in another year of record results for Cedar Fair and a greater total return for our investors. Second Quarter Results. For the quarter ended June 2. This increase reflects a 2, or 0. The Company attributes the increase in attendance to its strong capital program, including the introduction of innovative new rides and attractions in 2. Guest spending has been strong across all categories of the business, including admissions and in park spending, and are the result of the Companys continued focus on enhancing the overall guest experience. This includes new food and beverage offerings, a new all season dining program and investments in its catering facilities. Operating costs and expenses for the 2. The increase was primarily attributable to an increase in labor and maintenance costs as the Company continued to invest in its employees and its infrastructure and, to a lesser extent, a shift in timing as some of the costs were incurred in the second quarter of 2. Six Month Results. Net revenues were 4. June 2. 8, 2. 01. June 2. 9, 2. 01. Net loss during this period was 2. LP unit, versus a net loss of 4. LP unit, for the first six months of 2. The increase in revenues was the result of a 3, or 2. Operating costs and expenses through the first six months of 2. The increased costs for the period were largely a result of three main drivers  1 an increase in labor and maintenance costs 2 an increase in SG A expenses due to promotional activities related to park specific promotional events and the strong unit price performance during the period and its impact on the reporting of non cash equity based compensation and 3 an increase in the cost of goods sold due to the increased attendance. As a percent of revenues, cost of goods sold is comparable with the prior year period. Download Gameboy Advance Complete 33 Full Rom Sets The Iso Zone The Ultimate Retro Gaming Resource. Adjusted EBITDA, which management believes is a meaningful measure of the Companys park level operating results, increased 6, or 5 million, to 8. The increase in Adjusted EBITDA was driven by the solid revenue growth and a strict focus on cost control. July Operations. Based on preliminary results, net revenues through August 2, 2. The increase was the result of an approximate 2, or 0. The continued improvement in attendance and guest spending trends through this past weekend, as well as the growth in out of park revenues, gives us confidence that our 2. Ouimet. Cash Flow and Liquidity Remain Strong. As of June 2. 8, 2. Company had 6. 09 million of variable rate term debt before giving consideration to fixed rate interest rate swaps, 9. The Company believes its credit facilities and cash flows are sufficient to meet working capital needs, debt service, planned capital expenditures and distributions for the foreseeable future. Distribution Declaration. Today, the Company also announced the declaration of a cash distribution of 0. LP unit, which is consistent with its targeted annualized distribution rate of 3. LP unit.   The distribution will be paid on September 1. September 3, 2. 01. Ouimet concluded, This distribution reflects the stability of our performance and continued confidence in our long term growth strategy. We are proud of our ability to aggressively grow our distribution over the past several years, and believe we are well positioned with a solid balance sheet, appropriate liquidity reserve, and a positive earnings outlook to continue this trend going forward. Conference Call. The Company will host a conference call with analysts today, August, 4, 2. Eastern Time, which will be webcast live in listen only mode via the Cedar Fair website www. Investors tab.   It will also be available for replay starting at approximately 1 0. ET, August 4, until 1. ET, Tuesday, August 1. In order to access the replay of the earnings call, please dial 1 8. About Cedar Fair. Cedar Fair is a publicly traded partnership headquartered in Sandusky, Ohio, and one of the largest regional amusement resort operators in the world. The Company owns and operates 1. Its parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania,Minnesota, Missouri, Michigan, and Toronto, Ontario. Cedar Fair also operates the Gilroy Gardens Family Theme Park in. California under a management contract. Cedar Fairs flagship park, Cedar Point, has been consistently voted the Best Amusement Park in the World in a prestigious annual poll conducted by Amusement Today newspaper. For more information, please visit www. Forward Looking Statements. Some of the statements contained in this news release constitute forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1.