%
In fourth quarter 2020, the company generated $109 million of revenue with attendance of 2.2 million guests, a net loss of $86 million, and an Adjusted EBITDA loss of $39 million. The net loss and Adjusted EBITDA loss include an increase in reserves of approximately $19 million. The total amount recorded reflects management’s estimate of the probable outcome of a legacy class action lawsuit. The Adjusted EBITDA calculation reflects an add-back adjustment of approximately $5 million of non-recurring costs related to the transformation plan, including $3 million of employee termination costs and $2 million of consulting costs.
The decrease in attendance was due to the temporary pandemic-related limitations on park operations at several of the company’s parks, and capacity restrictions at the parks that were open. Four parks provided drive-through or walk-through only experiences for the holiday season, and the company’s parks in Mexico were open for only a portion of the quar
Fund established for families of poultry workers killed in nitrogen leak
A fundraising account aimed to assist the families of the six poultry workers killed in a nitrogen leak Jan. 28 has been set up through Peach State Bank.
The account, named the Gainesville Family Victim Hope Fund, is a collaborative effort by local organizations and churches to provide monetary support to the immediate families of the victims of last month’s chemical leak at Foundation Food Group in Gainesville.
Donations to the fund can be made by calling Peach State Bank at 770-536-1100 or by visiting the bank at 325 Washington Street in Gainesville. In addition, Art Gallegos with the Latinos Conservative Organization is taking personal phone calls with questions at 678-614-5011.
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