United Parks & Resorts reports Q4 EPS 62c, consensus 80c

Reports Q4 revenue $388.97M, consensus $396.42M. Total revenue per capita decreased 0.9% to $78.42 from the fourth quarter of 2022. Admission per capita decreased 2.6% to $44.46 while in-park per capita spending increased 1.5% to a record $33.96 from the fourth quarter of 2022. Attendance was a record 5M guests. “We are pleased to report another quarter and fiscal year of strong financial results,” said Marc Swanson, CEO of United Parks & Resorts Inc. “In the fourth quarter we delivered record attendance and record in park per capita spending despite adverse weather impacts, in particular across our Florida markets during peak visitation periods and an unfavorable calendar shift in the quarter. For the full year we delivered near record results and grew our total revenue per capita for the 6th year in a row despite significant adverse weather impacts throughout the year. We estimate that weather related and calendar shift impacts reduced attendance by approximately 75,000 visits in the fourth quarter and that weather related impacts reduced attendance by over 370,000 visits for the full year.”