Six Flags Corporate Discussion Thread

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Re: Six Flags Development Discussion Thread

Postby jray21 » Thu Nov 29, 2012 3:03 pm

Yay! I really liked the special entrance, and the general discounts. I only used my discover card at SF parks, so it at least worked for me!
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Re: Six Flags Development Discussion Thread

Postby DJeXeL » Thu Nov 29, 2012 4:08 pm

I think SF is the only company that accepts Discover!! ;)
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Re: Six Flags Development Discussion Thread

Postby Jew » Thu Nov 29, 2012 4:17 pm

simaticable wrote:From Screamscape:

Six Flags - (10/29/12) An interesting rumor from the Six Flags campground make it to my ears this weekend. Sounds like there may be some kind of contract dispute between Six Flags and SmarteCart, the 3rd party vendor who supplied Six Flags with all those walls of extra fluffy, fluffy bunnies filled with medicine and goo at the major attractions several years ago. I believe the basis for the first deal was some kind of profit revenue sharing plan between the two if SmarteCart would install the fluffy, fluffy bunnies filled with medicine and goo into the park on their own dime. Rumor has it SmarteCart wants more money and Six Flags is telling them to go pound sand.
The management at Six Flags now is entirely different from the the group who negotiated the original deal, and could be that they are ready to part ways with SmarteCart, which could mean that the mandatory fluffy, fluffy bunny filled with medicine and goo system could be on the way out before the parks reopen in 2013. Stay tuned!


I like the sound of that!


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Re: Six Flags Development Discussion Thread

Postby arby » Tue Jul 30, 2013 9:56 am

While you can still purchase season passes valid for a calendar year, Six Flags is now offering memberships for an ongoing monthly fee. After 12 months you can cancel at any time or continue the membership. It looks like all the Six Flags parks are offering the same idea so I posted it in the general Six Flags thread.

https://content.sixflags.com/overgeorgia/tickets/memberships/

I posted the link to SFOG since that is closest to me but all of park pages that I checked are offering the same thing, although the pricing per month varies per park. The price also varies at most parks based on the number of memberships that you buy.
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Re: Six Flags Development Discussion Thread

Postby cfc » Tue Jul 30, 2013 10:24 am

DJeXeL wrote:I think SF is the only company that accepts Discover!! ;)


You can use Discover at the Tokyo Disney parks, too. ;)

Jew wrote:
simaticable wrote:From Screamscape:

Six Flags - (10/29/12) An interesting rumor from the Six Flags campground make it to my ears this weekend. Sounds like there may be some kind of contract dispute between Six Flags and SmarteCart, the 3rd party vendor who supplied Six Flags with all those walls of extra fluffy, fluffy bunnies filled with medicine and goo at the major attractions several years ago. I believe the basis for the first deal was some kind of profit revenue sharing plan between the two if SmarteCart would install the fluffy, fluffy bunnies filled with medicine and goo into the park on their own dime. Rumor has it SmarteCart wants more money and Six Flags is telling them to go pound sand.
The management at Six Flags now is entirely different from the the group who negotiated the original deal, and could be that they are ready to part ways with SmarteCart, which could mean that the mandatory fluffy, fluffy bunny filled with medicine and goo system could be on the way out before the parks reopen in 2013. Stay tuned!


I like the sound of that!


They found a new company who offered Six Flags a deal they couldn't refuse.


I think Joey speaks the truth here.
Last edited by cfc on Tue Jul 30, 2013 10:24 am.
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Re: Six Flags Development Discussion Thread

Postby 805Andrew » Tue Jul 30, 2013 11:02 am

^Wow, there are places in Japan that accept Discover? ;)
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Re: Six Flags Development Discussion Thread

Postby jedimaster1227 » Fri Oct 25, 2013 8:53 am

http://online.wsj.com/article/BT-CO-20131023-706301.html

Six Flags Entertainment Corp.'s (SIX) third-quarter revenue increased on growth in admissions, food and merchandise sales.

Still, the company said its quarterly attendance, revenue and profit were "somewhat suppressed" by lower attendance at its Six Flags Over Texas park, after a woman died in July after falling from a 14-story roller coaster there. Six Flags also said its booked a $3 million accrual for estimated litigation costs relating to the incident.

Six Flags, which exited bankruptcy in May 2010, was hurt by a heavy debt load and declining attendance during the recession. Its revenue had grown over the past few years, as attendance and ticket sales had generally improved.

Six Flags reported a profit of $120.4 million, or $1.22 a share, down from $253 million, or $2.23 a share, a year earlier. The year-ago period included a gain on an asset sale of about $67 million.

Revenue rose 4% to $504.5 million.

Analysts polled by Thomson Reuters forecast a profit of $1.72 a share on revenue of $511 million.

Theme park admissions revenue was up 4% at $282.1 million, and theme park food, merchandise and other revenue grew 3.7% to $203.8 million.

Shares closed Tuesday at $35.29 and were down 1% premarket. As of the close, the stock was up 15% so far this year.
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Re: Six Flags Development Discussion Thread

Postby robbalvey » Tue Jul 22, 2014 7:12 pm

What does everyone think of this?

http://money.cnn.com/2014/07/21/investing/six-flags-attendance-drop/index.html

Summer bummer: Six Flags attendance tanks
The theme park's shares plunged as much as 9% after the company disclosed an attendance drop.

Only 8.2 million people went to one of Six Flags (SIX)' 18 parks in April, May or June. That was an 8% drop from the prior year.

The company blamed the shrinking crowds on "lingering effects of the long, harsh winter" that extended school calendars and shortened many spring breaks.

But Wall Street isn't buying that argument, sending the stock on a Kingda Ka-sized sell-off.

"The path to recovery hit a little bit of a snag here. The growth trajectory has stumbled over the last couple of quarters," said James Hardiman, a senior research analyst at Longbow Research who covers Six Flags.

The slumping Six Flag attendance figures surprised Hardiman, who had been banking on a 6% jump thanks in part to the later Easter holiday.

The weather comments are also a head scratcher considering rival theme park operator Cedar Fair (FUN) says it has been seeing pent-up demand from thrill seekers who were stuck indoors all winter.

"We are seeing first-hand the excitement our guests are experiencing as they leave this winter's snowy, cold weather behind," Cedar Fair CEO Matt Ouimet said in the company's earnings release in May.

Cedar Fair recently reiterated a solid outlook for 2014 revenue, although the company did acknowledge some decrease in attendance.

While Six Flags posted stronger-than-expected earnings, its revenue of $377 million trailed projections from Wall Street for $396 million.

The theme park also said total guest spending per visitor jumped 11% in the second quarter to $44 a person as visitors spent more on tickets and goodies while roaming the parks. That's perhaps another indicator of the economic recovery.

Investors may be wondering if the turnaround ride is over. Shares of Six Flags closed at $39.31, down 4.1% on the day. Fellow theme park SeaWorld Entertainment (SEAS) shed nearly 2% on Monday.

Slammed by the Great Recession and heavy debt, Six Flags filed for Chapter 11 bankruptcy in 2009. The theme park raced out of bankruptcy court, with its stock surging around 50% in 2011 and then again in 2012.

But recently the ride for investors has more closely resembled the Enchanted Teacups than the record-setting Zumanjaro. Six Flags trailed the broader markets by rising only 20% in 2013 and less than 5% this year.

"These guys had done a great job over the past few years as the company emerged from bankruptcy. But I think a lot of the low-hanging fruit has been picked," said Hardiman, who has a "hold" rating on the stock

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Re: Six Flags Development Discussion Thread

Postby jray21 » Tue Jul 22, 2014 7:36 pm

I love how they blame the weather, instead of their terrible customer service and terrible operations. Such a terrible company, even their excuses are bad.
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Re: Six Flags Development Discussion Thread

Postby cfc » Tue Jul 22, 2014 7:39 pm

The weather is a pretty lame excuse.
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