Knott’s Owner Reduces 2006 Revenue Forecast
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From Bloomberg News
Cedar Fair, the operator of Knott’s Berry Farm in Buena Park and other amusement parks, cut its 2006 revenue forecast because attendance through Labor Day declined from last year.
The Sandusky, Ohio-based company said it expected revenue of $815 million to $835 million for the year. Attendance at parks through Labor Day was 10.4 million, down from 10.5 million a year earlier.
The average revenue estimate of analysts surveyed by Thomson Financial was $845 million.
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