News Quarterly Financial Results

Register or Login to Hide This Ad for Free!
I don't think BGW solely is the problem. Yes the park is not at its best, but there are other parks, WCUSA, Adventure Island, Sesame Place, Aquatica, Discovery Cove. You can't just blatantly ignore all the minor brands and focus on just Busch Gardens and Sea World. Once you forget all those other parks, they start doing worse and worse and you will start to blame the bigger brands, BG and SW and they in turn end up suffering.

I think we should take a step back and look at all the parks not just SW and BG.

Honestly, I think Blackfish could have been used to increase attendance. ... I'm just saying from a business standpoint there is no such thing as bad press unless you try to completely ignore it. Sure the movie discouraged people to go, but it could have intrigued a lot more people to go to SW and check out the facts for themselves. Watch the shows, etc.
 
  • Like
Reactions: netdvn and Username
Adv Isl is a local hotspot and was hopping last summer. Aquatica was at capacity damn near daily. Discovery Cove was nearly booked up. Sesame had an outstanding yea. BGW IS the anchor slugging the boat as another boat put it. Some should know info prior to posting.
 
  • Like
Reactions: Jrbgwfan06 and Ghost of Pretzel Kaiser
Has BGW performance always been lower? Obviously their attendance is probably lower, but has it always been like this?
 
A few things I took from the quarterly report.

I wouldn't put too much importance in their weather affected attendance statement as they said the same thing on the last quarterly report and before that when they were a private company. It's just part of the report. This is more so this year as no hurricanes or tropical storms hit this year and the season ends on the 30th.

On thing that they don't seem to mention in the conference call is the bottom line for the quarter. You have to go to the 10-Q form on the SEC website and look through it to find that out. For this last quarter they actually turned a profit. Here's the text: "In the nine months ended September 30, 2013, we generated total revenues of $1,188.3 million and net income of $64.0 million." Now considering last quarter this was a net loss of $56.2 mil this isn't a bad turn around for revenue.

The other thing I liked is that their long term debt went down by like $173mil from the same period last year.

It would be nice to see this trend continue and along with that put some of the profits back into the parks and the employees.
 
  • Like
Reactions: Party Rocker, Bill, Zachary and 1 other person
I haven't had the time to read the report, but unless we have actual attendance numbers for this year, you really won't know if any of the parks are really an "anchor bringing the whole ship down".

I'm pretty sure the other Busch parks suffered cutbacks that affected attendance. Not only that, but Orlando was the only park to receive a significant new ride, so I'm sure attendance is up from that along with the surrounding parks getting new rides.

Aside from F&W, this was a slow year for the park, plus there were cutbacks. Not on Tampa's scale, but I'm sure that affected attendance as well.
 
  • Like
Reactions: Party Rocker and Nicole
netdvn said:
I haven't had the time to read the report, but unless we have actual attendance numbers for this year, you really won't know if any of the parks are really an "anchor bringing the whole ship down".

I'm pretty sure the other Busch parks suffered cutbacks that affected attendance. Not only that, but Orlando was the only park to receive a significant new ride, so I'm sure attendance is up from that along with the surrounding parks getting new rides.
Click to expand...

^THIS SO MUCH!
 
  • Like
Reactions: netdvn
Meh. I still would say BGW is the one under the water, because their shows are pretty much screwed over. The SW parks are okay, BGT (is always awesome), the Water parks, and Sesame Place are doing great, in contrast, BGW is a little outdated.

Commence complaints if you must, but this is IMO.
 
They pretty much said that only the Sea World parks are doing well. Once attendance numbers are released, we'll get a better picture.
 
CoasterDude3000 said:
Meh. I still would say BGW is the one under the water, because their shows are pretty much screwed over. The SW parks are okay, BGT (is always awesome), the Water parks, and Sesame Place are doing great, in contrast, BGW is a little outdated.

Commence complaints if you must, but this is IMO.
Click to expand...

When was the last time you were at BGW? Which shows have you seen? On what are you basing these statements?
 
  • Like
Reactions: netdvn
I've never been to BGW, but I will say that all the negativity towards Entwined, Celtic Fyre, etc. is just proving my point. I got this from this forum, and some agree that BGW is the anchor.
 
You lacking the capability to sense the obvious is becoming apparent. This assessment isn't global either, BGW is in the USA, duh. Wake up and smell the coffee before making such smart remarks.
 
All parks that aren't SeaWorld either lost money or didn't make a lot since they mentioned that the Sea World branded parks were the main drivers of the profit. We have to wait until attendance numbers are released before we can even guess to see who the worst offenders are. Everybody should chill now.
 
  • Like
Reactions: netdvn and Username
BGT had plenty of cutbacks just like BGW, not to mention there are also the water parks and Sesame Place. I personally predict BGW will be have a decent attendance drop, but it's still way too soon to say for sure. I'm saying that /everybody/ should chill for now. It will only be a few months until we get attendance numbers, everybody can start fighting about how those numbers prove they're right at that time.
 
  • Like
Reactions: netdvn, Zachary and Nicole
BGW is not the only park hurting, obviously. I think we do need to just wait for more conclusive information. Personally the only show at BGW that has gotten any negative response sonce 2012 minus Illuminights is Entwined. All of the HOS, CT, and regular shows minus Entwined and Illuminights has done either just fine or well off. In fact, Celtic Fyre is one of the most beloved shows from all the personal reviews I've seen. I will say Fiends did stir up some controversy but not nearly as bad as Entwined.

Like I said prior, BGW is not the only park to be concerned about. There are other parks in the chain that people constantly overlook because they just assume they are doing fine.

For example, and be honest, how many people actually visited every single park this last year multiple times with sufficient reviews? I would say most people on this forum pretty much dwell at BGW and at BGT and SeaWorld Orlando occasionally(as far as the SWPE chain is concerned). So obviously depending on our personal feelings about the changes that have been done we will not depict an accurate picture of what the real image is.
 
  • Like
Reactions: netdvn
CoasterDude3000 said:
I've never been to BGW, but I will say that all the negativity towards Entwined, Celtic Fyre, etc. is just proving my point. I got this from this forum, and some agree that BGW is the anchor.
Click to expand...

You obviously don't know too much about what we complain about.
 
  • Like
Reactions: Ghost of Pretzel Kaiser
I think we are forgetting a property that could potentially be dragging things down. They really only called out SWO as performing well and I have heard that SWSD is having an excellent year. I have a feeling that SWSA might be experiencing the same problems as BGT and BGW.
 
  • Like
Reactions: Planeteer
You must log in or register to reply here.
Consider Donating to Hide This Ad