Revenue Growth and Strategic Acquisitions
Revenue grew 4% despite challenges, and the company saw double-digit total revenue growth year-over-year in July. Notable acquisitions include two iconic water parks and three family entertainment centers, expanding their leadership in bowling, water parks, and family entertainment.
Successful Season Pass Program
The season pass program grew to over 260,000 members, generating more than $13.4 million in revenue, up from $8.5 million last year.
Innovative Food and Beverage Offerings
Food revenue delivered a positive 2.5% same-store comps. The new craft lemonade sold 135,000 units, generating nearly $800,000 in sales.
Acquisition of Real Estate
Acquired real estate underlying 58 locations for $306 million, maximizing flexibility for capital structure and location footprint.
Strong Liquidity Position
Liquidity remained strong at $342 million, with $60 million in cash and a net debt of $1.3 billion.