Same Store Revenue Increased 0.2% Year Over Year
Same Store Revenue increased 0.2% versus the prior year. "This is our first back-to-back positive comp performance since 2024, achieved despite two major winter storms and a deterioration in consumer sentiment following the escalation of conflict in the Middle East," said Thomas Shannon, Founder, CEO and President. "The quarter began with strong momentum before weather disruptions and a sudden macro pullback impacted traffic trends across the industry. Importantly, we identified elevated payroll expense early in the quarter and implemented corrective actions throughout the quarter. Those actions, combined with broader labor and cost optimization initiatives, are expected to deliver meaningful benefits beginning in the fourth quarter. We also continue to make substantial progress leveraging AI and centralized operational tools to improve efficiency across our business. These AI initiatives have already yielded significant annualized savings, with additional opportunity ahead across labor scheduling, pricing, purchasing, and capital allocation. Our focus remains on generating free cash flow, disciplined capital spending, and maintaining or reducing leverage, while positioning the business for stronger earnings growth as consumer trends stabilize and recently acquired waterparks contribute in fiscal 2027."
