Cedar Fair reports record 1Q revenues
Cedar Fair Entertainment Co. at its Cedar Point amusement park in Sandusky on Wednesday reported record revenues for the first quarter of 2015, with a 16 percent increase over the same period last year.
The company reported net revenues of $47 million for the first quarter that ended March 29, showing an increase of $6 million when compared to the first quarter that ended March 30, 2014.
Company leaders attributed strong revenue trends to a continued solid performance of Knott’s Berry Farm, the company’s only year-round park, and strong opening weekends at Carowinds, Kings Dominion and Great America.
The company generated record attendance, along with increases in all revenue categories, including admissions, food and beverage, merchandise and games, and accommodations.
The company also reported plans to add new rides and attractions, and complete “several transformative long-term capital projects” in 2015. Cedar Point’s 500-room Hotel Breakers has been renovated.
and a new 1,800-seat catering pavilion is now next to it.