Friday, Oct 21, 2016
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Cedar Fair posts narrower loss for first quarter

SANDUSKY - Cedar Fair LP yesterday reported a narrower first-quarter loss of $43.8 million, or 81 cents per unit, that was helped by an early Easter and spring break season that permitted earlier opening of two of the company's parks in warmer weather locales.

The loss by the parent firm of Cedar Point, 10 other amusement parks, and seven water parks compared with a loss of $55.1 million, or $1.02 per unit, for the same period a year ago.

Cedar Fair said open Kings Dominion, near Richmond, Va., and California's Great America, near San Francisco, five days earlier than usual also increased revenues for the first quarter ending March 30. Revenues grew 35 percent to $40.4 million, compared with $30 million a year ago, the company said.

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