Wednesday, May 4, 2016

Cedar Fair reports strong first-quarter earnings

For the three-month period ending March 27, the company which owns amusement and water parks across the United States and in Canada, said it had revenues of $58.4 million, up from $46.8 million for the same period a year ago.

It had a quarterly loss of $48 million, or 87 cents a share, down from a loss of $84 million, or $1.50 a share, a year earlier. The first quarter is the company's worst because most of its parks are closed. It said it performance improved this year on the strength of its year-round park, Knott's Berry Farm in California.

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ToledoBlade

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