Cedar Fair Announces Strong Early Season Revenue Trends

           Cedar Fair Announces Strong Early Season Revenue Trends

- Net revenues through June 23, 2013, up 5% compared with prior-year period

- Year-to-date average in-park guest per capita spending and attendance up 4%
and 1%, respectively

- Company remains on track to meet 2013 net revenue guidance of $1.090 billion
to $1.115 billion, and Adjusted EBITDA guidance of $400 million to $410

PR Newswire

SANDUSKY, Ohio, June 27, 2013

SANDUSKY, Ohio, June 27, 2013 /PRNewswire/ -- Cedar Fair Entertainment Company
(NYSE: FUN), a leader in regional amusement parks, water parks and active
entertainment, today provided an update on year-to-date results as well as
progress toward its strategic goals during an investor presentation held at
Cedar Point, the Company's flagship amusement park.

"We are pleased with our strong early season revenue trends," said Matt
Ouimet, Cedar Fair's president and chief executive officer. "We continue to
drive unitholder growth by delivering a high quality experience for all of our
guests, ensuring that a visit to any of our parks delivers great entertainment
value. For millions of people the best day of the summer is spent creating
lifelong memories in one of our eleven Cedar Fair parks."

Ouimet stated that early season attendance and revenue trends were positive
through this past Sunday, June 23, 2013. Net revenues were up 5% when
compared with this same time last year. The strong revenues are a result of
an increase in both average in-park guest per capita spending and attendance,
up 4% and 1%, respectively. Out-of-park revenues during this same period were
also up 5%.

"As we enter into the peak summer season, we are once again seeing the
positive impact of our on-going investment in the guest experience at all of
our parks," added Ouimet. "Based on our 2013 performance to date, we reaffirm
our 2013 guidance for net revenue in the range of $1.090 billion to $1.115
billion and Adjusted EBITDA to be between $400 million to $410 million. We
also remain well on track to achieve our targeted Adjusted EBITDA of at least
$450 million by 2016. Our continued success is driven by our strong management
team and dedicated employees, our well-known regional brands and the
high-quality of our assets."

Brian Witherow, executive vice president and chief financial officer, noted
that the period through June 23, 2013, represents approximately one-third of
expected full-year net revenues. "As a result of our marketing efforts and the
solid execution of our plan, season pass sales have increased approximately
20% when compared with this time last year," he said. "We are also pleased
with the growth we are seeing in revenue per capita which is strong evidence
of the traction in our pricing strategy as well as an indicator of the great
value our guests see in our product."

Ouimet concluded the event by stating, "We have our strategy in place and are
pleased with the response from our guests. Our Board remains strongly
committed to delivering a quality distribution to our unitholders along with
the creation of additional value through responsibly-paced growth

A Form 8-K, which includes a copy of the full investor presentation, has been
filed with the SEC and is available on the Company's website at

About Cedar Fair

Cedar Fair is a publicly traded partnership headquartered in Sandusky, Ohio,
and one of the largest regional amusement-resort operators in the world. The
Company owns and operates 11 amusement parks, four outdoor water parks, one
indoor water park and five hotels. Its parks are located in Ohio, California,
North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri,
Michigan, and Toronto, Ontario. Cedar Fair also operates the Gilroy Gardens
Family Theme Park in California under a management contract. Cedar Fair's
flagship park, Cedar Point, has been consistently voted the "Best Amusement
Park in the World" in a prestigious annual poll conducted by Amusement Today

This news release and prior releases are available online at

Contacts: Stacy Frole (419) 627-2227
Lisa Broussard (419) 609-5929

SOURCE Cedar Fair Entertainment Company

Website: http://www.cedarfair.com
Press spacebar to pause and continue. Press esc to stop.