Overview
- The company said holiday timing, poor weather and a roughly 90,000 drop in international visitors, plus execution issues, drove the quarter’s shortfall.
- In-park per-capita spending ticked up slightly, which executives attributed to higher prices.
- Separately ticketed Howl-O-Scream posted record attendance in Orlando and San Diego, and Discovery Cove set attendance and revenue records, with much of that performance to be recognized in the fourth quarter.
- United Parks repurchased 635,000 shares for about $32.2 million from the start of the third quarter through November 4.
- Management outlined new and reimagined attractions, plans for two international SeaWorld parks, and active evaluation of proposals for more than 2,000 acres of company-owned real estate, including about 400 undeveloped acres near parks.