Posts Year-to-Date Same Store RevPAR Gain of 4.2 PercentMADISON, WI/PRNewswire-FirstCall/ -- Great Wolf Resorts, Inc. (Nasdaq: WOLF), North America's leading family of indoor waterpark resorts, has reported results for the second quarter ended June 30, 2008.
"We had an excellent second quarter," said Randy Churchey, (top right photo) interim chief executive officer. "We were particularly pleased with our results in light of softness seen in the overall economy and the operating results of many other consumer discretionary-spending companies and lodging companies.
"Our Adjusted EBITDA of $14.0 million for the second quarter was toward the top end of our guidance. Also, our year-to-date same store revenue per available room (RevPAR) growth through June 30 -
which effectively normalizes results for the effect of the shift in the timing of the Easter holiday and related school spring breaks for 2008 and 2007 - was 4.2 percent."
which effectively normalizes results for the effect of the shift in the timing of the Easter holiday and related school spring breaks for 2008 and 2007 - was 4.2 percent."The company's net loss for the 2008 second quarter was $(4.1) million, or $(0.13) per diluted share, compared to a net loss of $(1.7) million, or $(0.05) per diluted share in the 2007 second quarter.
For a complete detailed copy of the company's news release, please contact Julie Tullbane, Daly Gray Public Relations, T 703-435-6293, F 703-435-6297, julie@dalygray.com
For a complete detailed copy of the company's news release, please contact Julie Tullbane, Daly Gray Public Relations, T 703-435-6293, F 703-435-6297, julie@dalygray.com
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