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Cedar Fair Announces 2021 Second Quarter Results
August 4, 2021 GMT
SANDUSKY, Ohio (BUSINESS WIRE) Aug 4, 2021
Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced results for its second quarter ended June 27, 2021.
“With all parks now open, guests are enjoying another FUN-filled season at our parks and we are seeing strong demand across our portfolio of properties,” said Cedar Fair President and CEO Richard A. Zimmerman. “Our team did an excellent job of managing through early-season headwinds, allowing us to return most park operations to full capacity without the need for guests to make reservations. We also took decisive actions to mitigate the effects of labor shortages, attracting thousands of seasonal associates to bridge the gap in our workforce and allowing us to resume more normal op
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Business optimization initiative projected to drive superior results and enhanced value in the business
First-quarter cash burn better than expected
Cedar Fair Entertainment Company (NYSE:FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced results for its first quarter ended March 28, 2021. In our business, few things are more exciting and rewarding than reopening our parks each year for another FUN-filled season, said Cedar Fair President and CEO Richard A. Zimmerman. We are pleased that all of our U.S. properties are ready to reopen in May, and we can t wait to welcome back our guests, including our loyal season pass holders, many of whom may be returning for the first time since 2019. We anticipate strong pent-up demand for close-to-home, outdoor entertainment, and are committed to resuming normal park operations as quickly as possible so friends and families can enjoy our unique brand of large-scale entertainment.