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Tuesday, August 6, 2019

=SeaWorld Entertainment (SEAS) reported earnings on Tue 6 Aug 2019 (b/o)

SeaWorld Entertainment reports Q2 GAAP earnings of $0.64/share vs. $0.26/share year ago, misses on revs

  • Reports Q2 (Jun) GAAP earnings of $0.64 per share, the S&P Capital IQ Consensus is $0.55; revenues rose 3.6% year/year to $406 mln vs the $411.77 mln S&P Capital IQ Consensus.
  • Revenue was positively impacted by improved in-park per capita spending (defined as food, merchandise and other revenue divided by total attendance), an overall increase in attendance, and an increase in admission per capita.
  • Attendance increased by 0.8%, to 6.5 mln guests from 2Q18.
  • Adjusted EBITDA increased by 22.7% to $149.7 mln from 2Q18.
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