Thursday, May 05, 2016
Current Weather
Loading Current Weather....
Published: Friday, 8/3/2001

Cedar Fair's profit drops 65% in quarter

SANDUSKY - Cedar Fair, L.P. yesterday reported a second-quarter profit of $6.6 million, or 13 cents per limited partner unit, down nearly 65 percent from the $18.6 million, or 36 cents per unit, for the same period last year.

The company, which owns and operates Cedar Point, five other amusement parks, and five water parks, had sales for the quarter of $123.7 million, down 5 percent from $129.5 million for the same period a year ago.

The company blamed its lower numbers on a slowing economy that translated into a 5 percent drop in combined attendance.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.