SeaWorld reports narrower-than-expected loss, revenue per capita falls below forecasts

on Feb28
by | Comments Off on SeaWorld reports narrower-than-expected loss, revenue per capita falls below forecasts |

SeaWorld Entertainment Inc.

SEAS, -0.08%

reported Thursday a narrower-than-expected fourth-quarter loss and revenue that topped forecasts, but revenue per capita came up short. The theme park operator’s stock was still inactive in premarket trade. The net loss narrowed to $11.1 million, or 13 cents a share, from $20.4 million, or 24 cents a share, in the same period a year ago. The FactSet loss consensus was 15 cents. Total revenue rose 5.5% to $280.0 million, above the FactSet consensus of $275.2 million, as admissions revenue rose 1.9% and food, merchandise and other revenue grew 10.9%. Admission per capita fell 5.6% to $35.46, below the FactSet consensus of $36.50, and total revenue per capita declined 2.3% to $60.88, missing expectations of $62.70. The company said it added $158 million to its share repurchase program to increase the program to $250 million. The stock has shed 10.3% over the past three months, while the S&P 500

SPX, -0.05%

has gained 1.8%.

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