United Parks & Resorts (NYSE:PRKS) reported first-quarter results that management said fell short of expectations, as unfavorable weather and weaker international visitation weighed on attendance and revenue. Executives on the company’s earnings call said they remain confident in growth for the full year, citing stronger pass sales, improved deferred revenue, new attractions and cost-saving efforts.
Chief Executive Officer Marc Swanson said the company’s first-quarter performance was hurt by poor weather in San Diego and Florida in January and February, as well as weather challenges in Florida and Texas during peak spring break periods. He also said international attendance declined in line with broader U.S. international tourism trends tied to “geopolitical and other dynamics.”
