Quarterly Financial Results
- Thread starter mwhinva
- Start date
Keep in mind CF 4th quarter result comparisons over the last six years is going to be skewed. It won't be an accurate year to year comparison.
In 2015, Knott's was the only park open in November and December. Then Cedar Fair rolled out the Winterfest event to CGA in 2016; Kings Island, Worlds of Fun, and Carowinds in 2017; Kings Dominion in 2018; Canada's Wonderland in 2019.
Then you throw in COVID in 2020 where, I think, most parks did not have Haunt; some parks did a limited Winter Holiday event and other parks did nothing.
In 2021, most parks got back to a somewhat scaled down fall Haunt event and most had a regular Winterfest calendar. Except for Worlds of Fun who did not hold a Winterfest event. Not sure if that was just for 2021 or if it is permanent.
Good luck trying to get any meaningful comparison data between those years.
In 2015, Knott's was the only park open in November and December. Then Cedar Fair rolled out the Winterfest event to CGA in 2016; Kings Island, Worlds of Fun, and Carowinds in 2017; Kings Dominion in 2018; Canada's Wonderland in 2019.
Then you throw in COVID in 2020 where, I think, most parks did not have Haunt; some parks did a limited Winter Holiday event and other parks did nothing.
In 2021, most parks got back to a somewhat scaled down fall Haunt event and most had a regular Winterfest calendar. Except for Worlds of Fun who did not hold a Winterfest event. Not sure if that was just for 2021 or if it is permanent.
Good luck trying to get any meaningful comparison data between those years.
Mostly why I excluded 2015 and 2016. They didn't start really rolling out winter operating programs until 2017.
Did anyone listen to Cedar Fair's 2022 Q4 conference/earnings call? From what people have said online, and I can't guarantee this is accurate, the company may be looking to continue adding capital to its five major parks while looping in some of their mid-lower tier parks by adding major attractions. I wonder if Kings Dominion is included with this (wouldn't be surprised) and what this could mean for Volcano's successor and future park investments (more so on the latter if the former is already being planned).
KD is definitely not one of the big-5 (CP, Knotts, CW, KI, Caro), if that's what you mean, but it's still a medium park, and would absolutely be included in the rotation after WOF and Dorney, so a 2025 addition could be in the works.
It could, sure. It could also mean coasters that every other CF has.
@themeparktribune posted the relevant quote in his article on the call:
Cedar Fair reports record earnings for 2022 - Theme Park Tribune
Cedar Fair set records for annual revenue, net income and earnings in 2022.
www.themeparktribune.com
Despite the Article, KD is not one of their "Top 5". The Article I saw yesterday includes it, but it's an error - In the call they said Kings Island, not Kings Dominion. We've been relegated to "mid tier" ever since CF bought Paramount Parks and decided to favor Carrowinds instead.@themeparktribune posted the relevant quote in his article on the call:
Cedar Fair reports record earnings for 2022 - Theme Park Tribune
Cedar Fair set records for annual revenue, net income and earnings in 2022.
I'm not sure to what you're referring. There's nothing from the call transcript where anyone from Cedar Fair listed what parks comprise the company's top five are. CEO Richard Zimmerman did name Cedar Point and Knott's as the two biggest. I didn't report that anyone said KD was one of those five.
Seems reasonable to say that KD is, at worst, #6 in the chain now that CGA's land has been sold. Every park below those two hasn't gotten a brand new coaster in at least a decade, not counting the upcoming Zambezi Zinger.
It was cut because of extremely low attendance. I wouldn't really say it's indicative of chain-wide budget cuts.
I heard about that, yeah, though I didn't feel like it was a matter of "budget cuts". A lot of the comments I read about the topic make it sound like no one knew where FF was within the park, and it might not have been a big enough draw to keep it around. Considering the overcrowding of the park in recent years, there are probably way better uses for that land than FF.