Stock Monitor: Manchester United Post Earnings Reporting

LONDON, UK / ACCESSWIRE / June 13, 2018 / If you want access to our free earnings report on SeaWorld Entertainment, Inc. (NYSE: SEAS) ("SeaWorld"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SEAS. The Company reported its financial results on May 08, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The theme park and entertainment Company surpassed analysts' estimates for revenues and earnings for Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Manchester United PLC (NYSE: MANU), which also belongs to the Services sector as the Company SeaWorld Entertainment. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, SeaWorld Entertainment most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the first quarter ended March 31, 2018, SeaWorld's revenues advanced 16.5% to $217.2 million compared to $186.4 million in the first quarter of 2017. The growth was led by the strong increase in attendance and in-park per capita spending. The Company's revenue numbers outshone analysts' estimates of $197.7 million.

During Q1 FY18, SeaWorld incurred total costs and expenses of $283.3 million versus $263.1 million in Q1 FY17, increasing 7.7% on a y-o-y basis. This included operating expenses of $155.5 million in the reported quarter compared to $157.3 million in the prior year's corresponding period. The Company's selling, general, and administrative expenses (SG&A) increased 21.2% to $63.5 million in Q1 FY18 compared to $52.4 million in Q1 FY17.

SeaWorld posted an operating loss of $66.1 million in the reported quarter compared to loss of $76.7 million in the year ago same period, improving 13.8% on a y-o-y basis.

SeaWorld reported its highest first quarter adjusted loss before interest, tax, depreciation, and amortization since 2013 of 117.0 thousand in Q1 FY18 compared to a loss of $30.4 million in Q1 FY17.

For the reported quarter, SeaWorld posted a net loss of $62.8 million versus a loss of $61.1 million in the year ago comparable period, due to only 5 of its 12 parks being open for the full reported quarter. The Company reported a loss per share of $0.73 in Q1 FY18 compared to $0.72 in Q1 FY17, beating market projections for a loss of $0.76.

Operations Highlights

SeaWorld's admissions revenues improved 13% to $130.0 million in Q1 FY18 compared to $115.1 million in Q1 FY17, primarily driven by an increase in attendance of guests. For Q1 FY18, attendance increased 14.9% to 3.2 million guests from 2.8 million in the first quarter of 2017. For the first quarter of 2018, the Company?s admission per capita decreased 1.7% to $40.32 compared to $41.02 in the corresponding quarter of last year.

For the reported quarter, SeaWorld's revenues from food, merchandise, and other jumped 22.3% to $87.2 million compared to $71.3 million in the year ago same period, led by an increase in attendance, and a growth in in-park per capita spending. For Q1 FY18, the Company?s in-park per capita spending grew 6.4% to $27.04 compared to $25.40 in Q1 FY17.

Cash Matters

As of March 31, 2018, SeaWorld's cash and cash equivalents stood at $39.3 million compared to $33.2 million as of December 31, 2017. The Company had inventories of $37.6 million as of March 31, 2018, versus $30.9 million as of December 31, 2017. For the reported quarter, the Company generated a net cash inflow from operating activities of $20.3 million versus $5.7 million in the prior year's comparable period.

Stock Performance Snapshot

June 12, 2018 - At Tuesday's closing bell, SeaWorld Entertainment's stock was marginally up 0.24%, ending the trading session at $21.06.

Volume traded for the day: 3.46 million shares, which was above the 3-month average volume of 1.86 million shares.

Stock performance in the last month ? up 23.30%; previous three-month period ? up 44.15%; past twelve-month period ? up 30.65%; and year-to-date ? up 55.20%

After yesterday's close, SeaWorld Entertainment's market cap was at $1.82 billion.

The stock is part of the Services sector, categorized under the Discount, Variety Stores industry. This sector was up 0.6% at the end of the session.

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