SeaWorld Revenue Down 95% in the Second Quarter
While most large American theme parks have reopened after COVID-19 shutdowns, operators are still reporting disastrous results from their previous quarters. SeaWorld Entertainment (NYSE: SEAS) reported second-quarter results on Monday for the period ending June 30 that covered much of the lockdown, and the numbers weren't pretty.
SeaWorld operates several theme parks under the SeaWorld brand as well as Sesame Place in Pennsylvania and Busch Gardens in Virginia. All of the parks were closed between March 16 and June 5, and the company began a phased reopening on June 6, with nine out of 12 parks currently open with reduced hours and capacity. That means there were only about two or three weeks of any sales at all in the quarter.
Image source: Getty Images.
Source Fool.com
