Consumer
United Parks Profit, Sales Miss Estimates as Attendance Lags
The SeaWorld amusement park in Orlando, Florida.
Photographer: Zack Wittman/BloombergUnited Parks and Resorts Inc. reported earnings and sales that trailed analyst estimates as the theme park operator struggled with dwindling attendance, especially from international park goers.
The Orlando, Florida-based operator of SeaWorld, Busch Gardens, and Sesame Place parks said in a Thursday statement that its fourth quarter earnings per share were 28 cents. Profit was impacted in part by a loss from a write-off of debt issuance costs and discounts, the company said. Analysts estimated 56 cents.