SeaWorld quarterly report conference call

[OFTeric]

SeaWorld will have a live webcast of it's quarterly report.

Watch here: http://seaworldinvestors.com/events...inancial-Results-Conference-Call/default.aspx

We will be live tweeting the news here: https://twitter.com/SeaWorldPodcast

I would not expect glowing news.

 

[Clamman73]

Thanks, I read this just on time! Listening now

Hope you didn't buy stock this afternoon...

 

[OFTeric]

So some notes:

Attendance down 9% (1/3 due to Weather 1/3 due to pricing 1/3 due to easter being early)
Average guest spending up.
Looking at parks overseas.
Domestically will potentially acquire parks, but not actively looking
New TV series from Busch Gardens Tampa is coming called Wild Life Docs
Capital spending for 2014 and 2015 is locked in.

 

[lazyboy97o]

Domestically will potentially acquire parks, but not actively looking

They've gone from actively seeking to ditch a few parks to being open to getting more? That's... interesting...

 

[bsiev1977]

So some notes:

Attendance down 9% (1/3 due to Weather 1/3 due to pricing 1/3 due to easter being early)
Average guest spending up.
Looking at parks overseas.
Domestically will potentially acquire parks, but not actively looking
New TV series from Busch Gardens Tampa is coming called Wild Life Docs
Capital spending for 2014 and 2015 is locked in.

Doesn't sound so bad overall. Really, 2/3 of the attendance drop is due to factors the company can't control.

 

[OFTeric]

They've gone from actively seeking to ditch a few parks to being open to getting more? That's... interesting...

I don't think that they are looking to acquire parks immediately, but if there is an opportunity to expand the Aquatica brand, they will seize it.

The BG sale consideration was more of a knee jerk response, to attendance dropping in VA along with the FL attendance drop at SW and BG, and it was an option they were looking into. The problem is when people (including myself) hear tidbits about options like that we don't get to hear the full discussion around it, along with all the reasoning.

I wish I was able to have microphones at SeaWorld corporate lol

 

[OFTeric]

I had to stop listening bc of plans, do you mind sharing more info on the two things above? Or a link to where it was recorded? Thanks!!

I am writing a full article but it won't be here.