The Orlando-based company reported net earnings of $5.8 million, or 7 cents per share, in the second quarter, down from $37.4 million, or 43 cents per share, in the same quarter last year. Revenue declined to $391.6 million from $405.2 million a year ago.
Attendance across all properties was 6.478 million people, down from 6.584 million in the same quarter a year ago.
“Our attendance for the second quarter declined due to the timing of Easter, record levels of rainfall in Texas and continued brand challenges in California,” said Joel Manby, president and chief executive officer of SeaWorld Entertainment. “We realize we have much work ahead of us to recover more of our attendance base, increase revenue and improve our performance as returning to historical performance levels will take time and investment.”
Turning to lingering impact of the movie “BlackFish,” Manby said “we recognize that fully resolving our brand challenges in California will require sustained focus and commitment to correct misinformation.”
He predicted better results in the second half of the year with improving revenue per person and new cost-saving measures.
SeaWorld shares were unchanged at $18.14 in after-hours trading.
The company operates SeaWorld San Diego and ten other destination and regional theme parks in key markets across the United States.
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