Preliminary net revenues through the end of April achieved a new record high of $124 million up 2% when compared with the first four months of last year. During this time, guest spending is up 2%, well attendance was comparable with last year's record number of visits.
As I expect you anticipated, Knott's Berry Farm's first quarter performance was below expectations due to the drought-correcting rains in California. However the continued growth and the popularity of Knott's Boysenberry Festival and return to more normal Southern California weather resulted in record attendance revenues and per caps in April for Knott's.[...]
I'm proud of decisions we've made to drive our business in 2017 and we're confident this will be another record year for Cedar Fair. Well we are laser focused on 2017, construction has already begun on multiple high impact tractions that will come online in 2018. As we look to build on Cedar Fair's history we'll adding to our collection of world class coasters including a completely new type of coaster, a dramatic transformation of two of our historical wooden coasters and a renewed relationship with a manufacturer who we have worked with recent history that will add another coaster and deepen our pool of ride manufacturers. It is this type of innovation that will allow us to continue to grow beyond our near term goals.
Read the rest at SeekingAlpha
Knott's News: Knott's was definitely negatively impacted by the rains. They were closed many of those days. That said, Matt mentions they bounced back with a record setting April with both attendance and guest spending up.
The second part I included may or may not contain clues as to what next year's new attraction may be. Are we getting the "completely new type of coaster" or maybe the coaster that is part of the "renewed relationship". Maybe its not a coaster at all.
Whatever it is, I think we'll have a good idea of whats coming by July when the foundations are being worked on, if not earlier.
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