United Parks & Resorts reported first-quarter revenues of $278.3 million, down 3% year on year, in line with analysts' expectations but with a significant miss on adjusted operating income and EPS. CEO Marc Swanson attributed the shortfall to unfavorable weather, which reduced attendance by approximately 140,000 guests, and a decline in international visitation that cost another 80,000 guests, noting that adjusting for these impacts attendance would have increased more than 1%. The stock has risen 17.9% since the report to $46.26. Among the 10 consumer discretionary leisure facilities stocks tracked, the group beat revenue consensus by 2.6% and issued in-line next-quarter guidance, with shares up 6.6% on average since earnings.
United Parks & Resorts IncQ1 revenue fell 3% and missed profit estimates on adjusted operating income and EPS.
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