Six Flags has announced its intention to sell some of its smaller amusement parks following a merger with Cedar Fair. During the latest earnings call, CEO Richard Zimmerman indicated that a portfolio review identified locations that are not critical to the company's long-term growth objectives. While specific parks were not named, it is anticipated that details will be revealed at an upcoming investor day. The eight largest parks, according to attendance, appear to be secure and are not being considered for sale.
Six Flags has stated that they are reviewing their parks and have signaled a willingness to sell smaller locations that do not align with their long-term growth objectives.
Six Flags CEO Richard Zimmerman noted during a recent earnings call that a portfolio review has identified less strategic properties that may be divested under the right conditions.
Collection
[
|
...
]