United Parks Q3 Revenue Falls Short Due To Hurricane Impact, But Future Demand And Sales Show Resilience
United Parks Q3 Revenue Falls Short Due To Hurricane Impact, But Future Demand And Sales Show Resilience
Total revenue per capita rose 1.0% to $77.66 from Q3 2023. Admission per capita increased 0.5% to $42.24, while in-park spending per capita grew 1.6% to a record $35.42.United Parks & Resorts Inc. (NYSE:PRKS) reported third-quarter 2024 revenue of $545.901 million, a slight decline of 0.4% year-over-year, missing the consensus estimate of $550.473 million.
美国乐园及度假村股份有限公司(NYSE:PRKS)报告2024年第三季度营业收入为54590.1万美元，同比略有下降0.4%，低于共识预期的55047.3万美元。
Third quarter EPS was $2.08 (+8.3% year over year), below the analyst consensus of $2.22.
第三季度每股收益为2.08美元(同比增长8.3%)，低于分析师共识的2.22美元。
Attendance reached 7 million guests. That's down by about 100,000 or 1.4% compared to Q3 2023. The attendance decline was mainly due to Hurricanes Debby and Helene, during peak periods.
入园人数达到700万人次。相比于2023年第三季度，减少约10万人次，降低了1.4%。入园人数下降主要是由于飓风德比和赫莲娜在旅游旺季期间造成的。
Total revenue per capita rose 1.0% to $77.66 from Q3 2023. Admission per capita increased 0.5% to $42.24, while in-park spending per capita grew 1.6% to a record $35.42.
人均总营业收入从2023年第三季度上升1.0%，达到77.66美元。人均门票收入增长0.5%，达到42.24美元，而园内人均消费增长1.6%，创下记录，达到35.42美元。
"The combined impact of the calendar shift and the meaningfully worse weather was approximately 320,000 guests, adjusting for these impacts, attendance would have increased approximately 3% compared to the prior year quarter, as we continue to see strong demand for our parks during normalized operating conditions and we are growing total revenue per capita," United Parks CEO Marc Swanson said.
“日历变动和天气情况相当恶劣的综合影响约为32万人次，调整后，入园人数将比前一年同期增长约3%，在我们继续看到强劲需求的情况下，我方乐园的总人均营业收入不断增长，”美国乐园首席执行官马克·斯旺森表示。
The company delivered record in-park per capita spending during the quarter, Swanson added, citing growth for 17 of the last 18 quarters of growth
公司在本季度交付了创纪录的园内人均消费，斯旺森补充道，这是过去18个季度中有17个季度的增长。
Adjusted EBITDA was $258.4 million for the quarter, a decline of 3% YoY, and the margin contracted 126 bps to 47.3%.
调整后的息税折旧及摊销前利润为25840万美元，同比下降3%，利润率收窄了126个基点至47.3%。
In Q3, the company repurchased 4.1 million shares for $211.7 million. Some $74.9 million remains in the program as of Sept. 30. An additional 0.8 million shares were repurchased for $37.7 million by November 6.
第三季度，公司回购410万股股票，金额为21170万美元。截至9月30日，该计划尚余7490万美元。另外，截至11月6日，公司再回购80万股股票，金额为3770万美元。
The operating cash flow for the third quarter was $122.998 million, down from $163.556 million a year ago. Free cash flow stood at $67.605 million.
第三季度营运现金流为12299.8万美元，比去年同期的16355.6万美元下降。自由现金流为6760.5万美元。
Looking ahead to 2025, the company reports strong forward demand, with ticket sales, group bookings, and Discovery Cove bookings showing double-digit growth over the last year. The recently launched premium pass program, featuring enhanced benefits, has driven sales up over 10% since its debut. Year-to-date results continue to highlight the resilience of the business model and the rising demand for the parks' unique offerings.
展望2025年，公司报告显示未来需求强劲，门票销售、团体预订和探索湾预订均比去年同期增长了两位数。最近推出的高级通行证计划，提供增强福利，自首次推出以来已将销售额提高了10%以上。年初至今的业绩继续突显出业务模式的韧性和对乐园独特产品需求的增长。
Total liquidity stood at $759 million with a net leverage ratio of 2.98x as of Sept. 30. In the quarter, the company expanded its credit facility from $390 million to $700 million, reducing costs by 50 basis points.
截至9月30日，总流动资金为75900万美元，净杠杆率为2.98倍。本季度，该公司将信贷额度从39000万美元扩大至70000万美元，降低成本50个基点。
Price Action: PRKS shares are trading higher by 2.08% to $58.3 at last check Thursday.
股价走势：PRKS股价周四最后一次检查上涨2.08%，至58.3美元。
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译文内容由第三方软件翻译。
