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.