Latest news with #SixFlagsEntertainmentCorporation
Yahoo
6 days ago
- Business
- Yahoo
Vallejo's Six Flags Discovery Kingdom hit by company's statewide layoffs
(KRON) — Employees at Six Flags Discovery Kingdom in Vallejo are facing layoffs as the amusement park's parent company plans to cut roughly 140 full-time jobs at its California parks by July 21. Six Flags Entertainment Corporation announced in May that it planned to cut its workforce by 10%. The company owns 42 amusement and water parks across the U.S., Canada and Mexico. Six Flags Discovery Kingdom – Vallejo Six Flags Hurricane Harbor – Concord California's Great America – Santa Clara Six Flags Magic Mountain – Valencia Six Flags Hurricane Harbor – Valencia Knott's Berry Farm – Buena Park Knott's Soak City – Buena Park Gas prices could soar with refineries closing in California According to a Worker Adjustment and Retraining Notification report filed with the State of California, Six Flags plans to cut 56 full-time jobs at Magic Mountain, 65 jobs at Knott's Berry Farm and 19 jobs at Discovery Kingdom. A spokesperson with Six Flags Entertainment Corporation told KRON4 that the company plans to 'complete the majority of the restructuring' by the end of June. 'Six Flags is in the process of reducing its full-time headcount across the company by just over 10%,' the company spokesperson said. 'This includes a restructuring of some roles. This decision was made after careful consideration and a thorough review of our evolving business needs.' The cuts come as the company's Bay Area parks open for the summer season. Date for special election to recall Supervisor Joel Engardio announced 'We are committed to supporting our associates through this transition,' the Six Flags spokesperson said. 'All eligible associates will be presented with either an opportunity to continue in a part-time role or will be provided with a separation package and other benefits.' On July 1, 2024, Six Flags Entertainment Corporation emerged with Cedar Fair Entertainment Company, becoming the largest amusement park operator in North America. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
10-04-2025
- Business
- Yahoo
Six Flags to Announce 2025 First Quarter Results on May 8, 2025; Earnings Call Starts at 10 AM EDT
CHARLOTTE, N.C., April 10, 2025--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: FUN), the largest regional amusement park operator in North America, said today it will issue 2025 first-quarter results in the pre-market hours of Thursday May 8, 2025. Starting at 10 a.m. EDT that day, Six Flags management will host a conference call with the investment community to provide additional details regarding first-quarter results and discuss the Company's business outlook. Management participants on the call will include Six Flags CEO Richard Zimmerman and CFO Brian Witherow. Investors and all other interested parties can access a live, listen-only audio webcast of the call on the Six Flags investor website under the tabs Investor Information / Events & Presentations. Those unable to listen to the live webcast can visit our investor website shortly after the call's conclusion to access a recorded version of the call. ABOUT SIX FLAGS ENTERTAINMENT CORPORATION Six Flags Entertainment Corporation (NYSE: FUN) is North America's largest regional amusement-resort operator with 27 amusement parks, 15 water parks and nine resort properties across 17 states in the U.S., Canada and Mexico. Focused on its purpose of making people happy, Six Flags provides fun, immersive and memorable experiences to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®. This news release and prior releases are available under the News tab at View source version on Contacts Investor Contact: Michael Russell, 419.627.2233 Media Contact: Gary Rhodes, 704.249.6119 Sign in to access your portfolio
Yahoo
10-03-2025
- Business
- Yahoo
Why Six Flags Entertainment (FUN) Is Among the Best Leisure Stocks to Buy Right Now
We recently published a list of the . In this article, we are going to take a look at where Six Flags Entertainment Corporation (NYSE:FUN) stands against the other best leisure stocks to buy right now. According to Allied Market Research, the global leisure travel market had a market size of $1.2 trillion in 2023. It is anticipated to grow at a compound annual growth rate of 18.3% between 2024 and 2033, reaching $6.2 trillion by the end of the forecast period. The rise of social media is one of the key reasons behind the continued growth in leisure travel, as people are gaining increasing awareness and exposure to various industry trends. The outdoor leisure market is another significant industry in the domain. Outdoor leisure encompasses recreational open-air activities typically conducted in semi-natural or natural environments. According to Business Research Insights, the market was valued at around $13.15 billion in 2024 and is expected to grow at a compound annual growth rate of 6.95% between 2025 and 2033, reaching $24.07 billion by the end of the forecast period. READ ALSO: and . A report by Deloitte showed that the leisure industry continued to rebound in fiscal Q3 2024, with total net expenditure increasing from -10.3% in fiscal Q2 2024 to -8.5% in fiscal Q3 2024, reaching the highest level since fiscal Q1 2022. The report showed that nine out of eleven leisure categories reflected increased spending, with short holidays and eating out topping the charts with a 4.7 and 5.5 percentage points increase, respectively. Although long vacations decreased in popularity due to economic uncertainties and growing expenses, short vacations gained public acknowledgment, as consumers are prioritizing affordability. Casual dining rose by 1.7% year on year, with three new locations opening each week. In addition, live sports, festivals, and concerts drove a 4.1 percentage point increase in net spending on culture and entertainment. Leisure activities at home and pub spending also showed increases, climbing by 1 and 1.7 percentage points, respectively. However, Deloitte Consumer Tracker anticipates consumer spending to fall in nine out of eleven categories in fiscal Q4 2024. Longer holidays and eating out are expected to have the highest fallout, with a decrease of -8.1 points and -5.9 points, respectively. Cautious consumer spending amid potentially rising inflation and economic uncertainties is anticipated to affect the hospitality industry, necessitating value-driven tactics to attract consumers. We sifted through stock screeners, online rankings, and ETFs to compile a list of 25 leisure stocks. We then selected the top 12 with the highest number of hedge fund holders as of fiscal Q4 2024. We sourced the hedge fund sentiment data from Insider Monkey's database. The list is sorted in ascending order of hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). People enjoying a sunny day at Knott's Berry Farm amusement park rides. Number of Hedge Fund Holders: 47 Six Flags Entertainment Corporation (NYSE:FUN) is a regional amusement resort operator with a number of amusement parks, resort properties, and water parks across 17 US states, Mexico, and Canada. Its parks offer a range of leisure experiences, including themed rides, coasters, resorts, and intellectual property such as Looney Tunes, DC Comics, and PEANUTS. In July 2024, Six Flags completed an $8 billion merger with rival Cedar Fair to produce the largest amusement park operator in the US and form the Six Flags Entertainment Corporation (NYSE:FUN). In fiscal Q4 2024, the company generated net revenues of $687 million on attendance of 10.7 million visits. These results included $324 million in net revenues and attendance of 5 million visits from legacy Six Flags operations. Six Flags Entertainment Corporation (NYSE:FUN) saw an in-park per capita spending of $61.60, representing an increase of 3% compared to the in-park per capita reported by legacy Cedar Fair in fiscal Q4 2023. Management said that around 80% of the increase is associated with the impact of operations at the legacy Six Flags parks, with the balance attributable to higher in-park guest spending on food and beverage, extra charge products, and merchandise at the legacy Cedar Fair parks. These trends were reflected in a 3% increase in the average transactions per guest during fiscal Q4 2024. Overall, FUN ranks 3rd on our list of the best leisure stocks to buy right now. While we acknowledge the potential of FUN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FUN but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and Disclosure: None. This article is originally published at .
Yahoo
05-02-2025
- Business
- Yahoo
Hiring blitz at Cedar Point for upcoming season
SANDUSKY, Ohio (WJW) – If you wanted to spend your summer at Cedar Point and get paid, there is a major hiring event going on for the upcoming season at The Roller Coaster Capital of the World®. They're hiring 7,000 seasonal associates, with hourly pay ranging from $13 to $17 an hour for roles in food and beverage, ride operations, lifeguarding, security, hotels, maintenance, and more. Behind the scenes on Cedar Point's newest roller coaster Applicants must be 16 and older. Cedar Point's parent company, Six Flags Entertainment Corporation, will host a week-long hiring blitz at the park from Feb. 15 to 22 to fill a variety of positions. Some people could even be hired on the spot, according to a press release. Here is the location and the hours for the hiring blitz: 2206 Cleveland Road West in Sandusky, 9 a.m. to 5 p.m. daily between February 15 – 22. Cedar Point says job perks include discounts on park food and merchandise, ride nights, exclusive events and even housing options for those who qualify. Why Cedar Point is removing another ride Applicants can also apply online at Another work perk? You would be one of the first to lay your eyes on Cedar Point's newest roller coaster, opening this summer. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
