SANDUSKY, Ohio (AP) - Theme park operator Cedar Fair LP said Tuesday that its fourth-quarter loss ballooned to $10.4 million, hurt by a drop in admissions revenue and lower sales from food, merchandise and games.
The Sandusky, Ohio-based company, also known as Cedar Fair Entertainment Co., posted a loss that amounted to 19 cents per limited partner unit and compared with a loss of $2 million, or 4 cents per limited partner unit, in the final three months of 2011.
Revenue fell 11 percent to $129.2 million, from $144.8 million.
The company, which runs Cedar Point and Knott's Berry Farm among other parks, said admissions revenue dropped 13 percent to $78.9 million, while revenue from food merchandise and games fell 12 percent to $37 million. Accommodation and other revenue rose 13 percent to $13.3 million.
For the full year 2012, Cedar Fair earned $101.2 million, or $1.81 per limited partner unit, up from $70.7 million, or $1.27 per limited partner unit, in 2011. Revenue rose to $1.07 billion from $1.03 billion.
Cedar fair units fell 16 cents to $38 in morning trading. In the past 52 weeks, they have changed hands between $25 and $39.55.
Thursday, May 23 2013 9:57 PM EDT2013-05-24 01:57:54 GMT
COLUMBUS, Ohio (AP) - A proposed constitutional amendment legalizing medical marijuana and certain uses of hemp has cleared Ohio's ballot board. The panel's approval Thursday sends the issue into its
A proposed constitutional amendment legalizing medical marijuana and certain uses of hemp has cleared Ohio's ballot board.
Thursday, May 23 2013 4:02 PM EDT2013-05-23 20:02:17 GMT
COLUMBUS, Ohio (AP) - Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not
Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not rampant abuses.
Thursday, May 23 2013 2:33 PM EDT2013-05-23 18:33:40 GMT
If you're in Archbold and you hear the sound of 100 harps, you're not just hearing things. The 6th annual Harp Gathering is underway May 16-19th.Denise Grupp-Verbon co-founded the festival with her husband.
If you're in Archbold and you hear the sound of 100 harps, you're not just hearing things. The 6th annual Harp Gathering is underway May 16-19th.Denise Grupp-Verbon co-founded the festival with her husband.
Thursday, May 23 2013 9:46 AM EDT2013-05-23 13:46:40 GMT
The month of May will likely end up in the top 10 list for the driest May's on record. Despite the dry month it does not look like we are headed for a repeat performance of last year's drought and extreme
The summer forecast calls for above average rainfall for most of the Great Lakes region with near average temperatures.
Saturday, May 25 2013 11:54 AM EDT2013-05-25 15:54:24 GMT
We are following breaking news, Toledo Police say the man found shot inside of a car on North Reynolds near Dorr Street has died. Police say Kenneth Collins, 20, was found unconscious inside of a car
We are following breaking news, Toledo Police say a man found shot inside of a car on North Reynolds near Dorr Street has died. Police say Kenneth Collins, 20, was found unconscious inside of a car on North Reynolds early Saturday morning.Investigators say a passerby flagged down a trooper who found Collins inside of the car. Collins later died at the hospital.
Friday, May 24 2013 11:03 PM EDT2013-05-25 03:03:53 GMT
A man was filling up his tank when he noticed the pump kept running, even after he finished filling up. 13abc went looking for answers to see what drivers can do if they've been overcharged.
A man was filling up his tank when he noticed the pump kept running, even after he finished filling up. 13abc went looking for answers to see what drivers can do if they've been overcharged.
Saturday, May 25 2013 10:00 AM EDT2013-05-25 14:00:44 GMT
A late season frost was observed around the area on Saturday. Temperatures dropped down to 36 degrees which was cold enough for some patchy frost to develop in areas. The late season frost comes with a
Near record lows were recorded on Saturday one year after record highs were observed with highs in the low 90s.
Saturday, May 25 2013 9:54 AM EDT2013-05-25 13:54:50 GMT
A Bloomville man could spend 84 years behind bars. He's charged with allegedly having sex with a minor. The Advertiser-Tribune reports that Torrance K. Norman II, 36, appeared in Seneca County Common
A Bloomville man could spend 84 years behind bars. He's charged with allegedly having sex with a minor. The Advertiser-Tribune reports that Torrance K. Norman II, 36, appeared in Seneca County Common Pleas Court on Friday.
Saturday, May 25 2013 9:49 AM EDT2013-05-25 13:49:22 GMT
The National Weather Service released an area map showing this past winter's snowfall. Most of the viewing area ended up between 5 to 20" below normal. Snow amounts were near normal for the southern part
The 2012-13 winter season ended warm, wet, with few big storms.
Friday, May 24 2013 9:51 PM EDT2013-05-25 01:51:06 GMT
Frost Advisories are in effect, early on Saturday morning, for all of the 13abc viewing area, except for Paulding, Putnam, Allen and Hardin Counties, where temperatures will likely stay slightly milder.
Frost Advisories are in effect, early on Saturday morning, for all of the 13abc viewing area, except for Paulding, Putnam, Allen and Hardin Counties, where temperatures will likely stay slightly milder.
Friday, May 24 2013 8:56 PM EDT2013-05-25 00:56:34 GMT
A man who was held at gunpoint after trying to break into a home has been indicted. A grand jury indicted Kyle Caldwell on one count of attempt to commit burglary. Police say he tried to break into a
A man who was held at gunpoint after trying to break into a home has been indicted. A grand jury indicted Kyle Caldwell on one count of attempt to commit burglary.
Friday, May 24 2013 6:16 PM EDT2013-05-24 22:16:18 GMT
Bowling Green Police have issued a warrant for a Toledo man wanted for robbery. Jesse Bays, 26, was identified after police released surveillance images and got a tip that helped ID him. Officials say
Bowling Green Police have issued a warrant for a Toledo man wanted for robbery. Jesse Bays, 26, was identified after police released surveillance images and got a tip that helped ID him.
Friday, May 24 2013 6:04 PM EDT2013-05-24 22:04:46 GMT
There are new details in the cat killing controversy in Stryker that we first told you about in March. Stryker Police Chief Steve Schlosser pleaded no contest to animal cruelty in Bryan Municipal Court
A judge found Chief Steve Schlosser guilty and sentenced him to pay a $500 fine, plus court costs. It all stems from a stray cat killing controversy 13abc first reported in March.
Friday, May 24 2013 4:27 PM EDT2013-05-24 20:27:22 GMT
Toledo police need your help identifying some robbery suspects. Police say someone broke into the Eastgate Carryout on May 11. They released surveillance images of the people believed to be responsible,
Toledo police need your help identifying some robbery suspects. Police say someone broke into the Eastgate Carryout on May 11. They released surveillance images of the people believed to be responsible, as well as the vehicle they were driving.
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