United Parks & Resorts reports Q2 EPS $1.46, consensus $1.54

Reports Q2 revenue $497.59M, consensus $503.86M. Total revenue per capita decreased 0.4% to $80.44. Admission per capita decreased 2.9% to $42.68 while in-park per capita spending increased 2.5% to a record $37.76. Attendance was 6.2M guests. “We are pleased to report another quarter of strong financial results,” said Marc Swanson, Chief Executive Officer of United Parks & Resorts Inc. “We grew attendance and revenue during the quarter despite not seeing any material improvement in weather during the quarter compared to prior year. We also achieved a record level for in park per capita spending which is a testament to the continued success of our strategies and investments in this area. We are also happy to have been able to repurchase approximately 6.3 million shares since the end of March through August 5th, or nearly 10% of our total outstanding shares at what we believe were depressed and highly attractive prices underscoring our significant free cash flow generation and our commitment to thoughtfully and opportunistically return excess capital to shareholders.”