Six Flags Entertainment Corp

NYSE:FUNUnited States

Nov 14, 2024

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• Top Midday Stories: Disney Shares Soar After Strong Earnings, Guidance; NHTSA Issues Second-Largest Civil Penalty in History on Ford, from 11:50AM ET on Thursday Nov 14, 2024 by MT Newswires

  11:50AM ET on Thursday Nov 14, 2024 by MT Newswires
  Companies Mentioned: F, FUN, NSC, AAPL, META, ASML, DIS
  11:50 AM EST, 11/14/2024 (MT Newswires) -- All three major US stock indexes were down slightly in late-morning trading Thursday, as the post-election stock rally appears to have cooled for the moment. In company news, Walt Disney (DIS) reported fisc...

• DJ Six Flags Investment Follows Disney Splashing Cash On Parks -- Market Talk, from 10:35AM ET on Thursday Nov 14, 2024 by Dow Jones

  10:35AM ET on Thursday Nov 14, 2024 by Dow Jones
  Companies Mentioned: FUN, DIS
  
  1035 ET - Six Flags' plan to pour cash into its parks looks like a heavier lift than much larger rival Disney's investment announced last year. Six Flags will spend $1 billion on new rides, dining upgrades and new tech in the next two years. Disney, over a year ago, outlined a $60 billion investment in its parks, cruises and resorts over the next 10 years. The former's investment, though, represents a larger share of annual operating income. Disney's experiences unit rakes in about $9B in operating income per fiscal year, while Six Flags is on track for less than $500 million this year, according to analyst estimates. (ben.glickman@wsj.com; @benglickman)
  

• DJ Disney Results Point to Theme-Park Consumer Eager to Spend -- Market Talk, from 9:33AM ET on Thursday Nov 14, 2024 by Dow Jones

  9:33AM ET on Thursday Nov 14, 2024 by Dow Jones
  Companies Mentioned: FUN, DIS
  
  0933 ET - Disney's theme-park profits are slipping, but results still point to an American parkgoer eager to spend. Domestic parks and experiences operating income rose in F4Q for Disney, largely driven by spending per guest at parks. International parks for Disney offset that, with lower volumes and weaker per-guest spending. The results line up with a positive report last week from Six Flags. While the amusement-park operator reported an overall drop in per capita spending in its 3Q due to lower season pass pricing, Six Flags also saw an increase in guest spending on food and add-ons like fast-lane passes. (ben.glickman@wsj.com; @benglickman)
  

• Six Flags Entertainment to Invest Over $1 Billion in Theme Park Upgrades Through 2026, from 8:41AM ET on Thursday Nov 14, 2024 by MT Newswires

  8:41AM ET on Thursday Nov 14, 2024 by MT Newswires
  Companies Mentioned: FUN
  08:41 AM EST, 11/14/2024 (MT Newswires) -- Six Flags Entertainment (FUN) said Thursday that it will invest more than $1 billion over the next two years to upgrade its 42 North America theme parks. The investments, totaling $500 million to $525 milli...