Join The Discussion

 

Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

read more >

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

read more >

Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

read more >

Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

read more >

Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

read more >

Six Flags earnings grow $13M in first-half 2013
 
A. Lee Graham
Reporter
 
Six Flags Entertainment Corp. of Grand Prairie has announced a record $451 million in revenue for the first six months of 2013, representing a $10 million, or 2 percent, increase over the same period a year earlier.
After adjusting 2012 for $3 million of insurance proceeds related to Hurricane Irene, the percentage increases to 3 percent.
Adjusted earnings before interest, taxes, depreciation and amortization for the same six-month period was $100 million, a $13 million – or 15 percent – increase after adjusting for insurance proceeds and the 2012 sale of the company's minority interest in a non-core company investment.
"I am pleased with our record year-to-date financial performance, despite cooler temperatures and unprecedented levels of precipitation at our Eastern and Midwestern parks during the second quarter," said chairman, president and CEO Jim Reid-Anderson in a news release.
"Our exciting new attractions and all-time high guest-satisfaction ratings have propelled our performance to new highs,” said Reid-Anderson, who said the company is “on track” to deliver $500 million of modified earnings before interest, taxes, depreciation and amortization, or about $3 of cash earnings per share, by 2015.
Total guest spending per capita grew 46 cents, or 1 percent, in the second quarter to $39.52, with admissions revenue per capita increasing 61 cents, or 3 percent, to $22.59 and in-park revenue per capita decreasing 15 cents, or 1 percent, to $16.93. In the first six months of the year, total guest spending per capita grew 36 cents, or 1 percent, to $39.74, with admissions revenue per capita increasing 56 cents, or 3 percent, to $22.62 and in-park revenue per capita decreasing 20 cents, to $17.12. Attendance for the first six months increased 1 percent to 10.7 million guests.
Six Flags Entertainment Corp. operates 18 parks across the United States, Mexico and Canada. More information is available at www.sixflags.com.
 
lgraham@bizpress.net

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?