What's Going On With Six Flags Entertainment (SIX) Stock Today - Six Flags Entertainment (NYSE:SIX)

Six Flags Entertainment Corp SIX reported a third-quarter FY22 sales decline of 21% year-on-year to $504.83 million, missing the consensus of $560.17 million.
The revenue decrease was driven by lower attendance due to increased ticket prices and the elimination of free tickets and heavily-discounted product offerings.
Attendance was 8 million guests in the quarter, a 33% Y/Y decrease. Total guest spending per capita was $60.96, up 17% Y/Y.
Adjusted EBITDA for the quarter declined 19% to $226 million.
EPS for the quarter was $1.39, missing the estimate of $1.64.
The company held $73.3 million in cash and equivalents as of October 2, 2022. Net cash provided by operating activities for nine months was $193.8 million.
CEO Selim Bassoul, said, "While it will take time to achieve our ambitious goals, we are encouraged by our recent progress, with guest spending per capita up nearly 50 percent year-to-date relative to 2019, and with attendance trends and season pass sales significantly accelerating in October and early November."
Price Action: SIX shares are trading higher by 14.94% at $22.00 in premarket on the last check Thursday.
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