For the first quarter ended March 29, 2015, Cedar Fair's net revenues were $47 million, an increase of $6 million, or 16%, when compared with the first quarter ended March 30, 2014. Strong revenue trends were driven by the 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. In the quarter, the Company generated record attendance, along with increases in all revenue categories, including admissions, food and beverage, merchandise and games, and accommodations.
Operating costs and expenses for the first quarter of 2015 were $110 million, an increase of $3 million from the first quarter of 2014. The modest increase was primarily related to the strong unit price performance in the quarter and its impact on the reporting of non-cash equity-based compensation. The Company also saw a nominal increase in cost of goods sold due to the increase in attendance. Partially offsetting these increases, was a decrease in operating costs during the quarter, primarily related to the timing of maintenance projects and planned operating expenditures on 2015 initiatives.
The net loss for the quarter totaled $84 million, or $1.50 per diluted LP unit, comparable with the first quarter a year ago.
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