finance
United Parks Reports Quarterly Results as Attendance Slips on Lower International Visits and Weather
United Parks & Resorts Inc. posted a larger quarterly loss than analysts anticipated as attendance declined at its theme parks. The company cited fewer international visitors and unfavorable weather at SeaWorld, Busch Gardens and Sesame Place locations. Shares fell following the Monday disclosure.
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Shares of United Parks fell after the company reported a bigger-than-expected quarterly loss on Monday. United Parks reported a bigger-than-expected quarterly loss even as attendance slipped at its theme parks. The attendance decline was due to fewer international visitors and unfavorable weather.
United Parks operates SeaWorld theme parks. It also operates Busch Gardens theme parks and Sesame Place theme parks. The results underscored challenges facing the operator of popular attractions across the United States.
Attendance weakness at the parks contributed directly to the widened loss reported for the quarter.
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