United Parks & Resorts Shares Slide After Q1 EPS $0.08 Miss and 8% Attendance Drop
PRKS•United Parks & Resorts reported Q1 adjusted EPS of $0.08, missing the $0.13 consensus, and posted revenue of $205 million versus $215 million expectations. Attendance fell 8% year-over-year to 1.3 million visitors, prompting a 6% share slide on renewed demand concerns.
1. Q1 Financial Results
United Parks & Resorts delivered adjusted EPS of $0.08 in the first quarter, trailing the $0.13 consensus by $0.05, and generated $205 million in revenue, short of the $215 million forecast. Cost pressures and softer retail spending within the parks segment weighed on margin expansion.
2. Attendance Trends
Total attendance fell 8% year-over-year to 1.3 million visitors, marking the lowest quarterly visitor count since early 2021. Management cited cooler weather trends and reduced group bookings as primary factors behind the drop.
3. Market Reaction and Outlook
Shares declined approximately 6% in early trading following the results, reflecting investor concern over sustained demand weakness. The company plans to boost targeted marketing spend and implement additional cost-control measures to support Q2 performance.
