Cedar Fair reports solid year
Cedar Fair Entertainment Company, which owns and operates Cedar Point Amusement Park in Sandusky and Geauga Lake’s Wildwater Kingdom in Aurora, reports increased revenue and net income from a year ago, in its year-end report.
The company, which also owns other amusement parks, reported record full-year net revenues of $1.135 billion, up 6 percent from 2012. Company officials said the increase reflects strong growth in all aspects of its business. Net income was reported at $108.2 million, up $6.3 million from a year ago.
The company reported an average increase in spending of 5 percent by in-park guests, a 2 percent increase in park attendance and a 6 percent increase in out-of-park revenues.
Matt Ouimet, Cedar Fair’s president and chief executive officer, called 2013 a “remarkable year.”
“We expect this momentum to continue into 2014. Our long-term FUNforward strategy is working well as we experienced solid increases across all aspects of our business this year, including record attendance and in-park guest per capita spending,” he said.