Six Flags Entertainment Q1 Loss Narrows - Quick Facts

(RTTNews) - Six Flags Entertainment Corp.(SIX), regional theme park company, said that its first-quarter net loss attributable to the company narrowed to $61.20 million from last year's $62.53 million, while loss per share widened to $0.64, from $0.61 in the prior year quarter.

Cash loss per share also widened to $1.23 from $0.85 in the previous year.

Total revenue for the quarter dropped to $73.72 million from the previous year's $87.52 million. The decline was primarily related to an attendance shift due to the 2014 Easter holiday falling in April, which caused many schools to schedule spring-break vacations in the second quarter versus the first quarter 2013.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.67 per share and revenues of $79.91 million for the quarter. Analysts' estimates typically exclude special items.

"The increase in guest spending per capita, along with a 25 percent increase in our Active Pass Base, which is comprised of guests in our membership plan and season pass holders, positions Six Flags to deliver another year of solid growth," said Jim Reid-Anderson, Chairman, President and CEO.

Total guest spending per capita for the first quarter increased 7 percent over the first quarter 2013 to $43.86 with admissions per capita increasing 10 percent or $2.21 to $25.01 and in-park spending per capita increasing 5 percent or $0.82 to $18.85. Attendance in the first quarter was 1.4 million guests.