Cedar Fair(US:FUN) Globenewswire·2025-10-03 11:48Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Six Flags Entertainment Corporation for possible violations of federal securities laws and unlawful business practices [1][2]. Investigation Details - The investigation is focused on whether Six Flags has engaged in practices that may have harmed stockholders [2]. Company Performance - On August 6, 2025, Six Flags reported disappointing Q2 2025 results, reducing its EBITDA guidance for the year to between $860 million and $910 million, down from a previous expectation of $1.08 billion to $1.12 billion [6]. - The downgrade in guidance is attributed to several factors, including first-half results, a smaller season-pass base, and economic volatility affecting customer behavior [6]. - The company noted that concerns over fewer season-pass holders are expected to impact demand until the 2026 season-pass program begins [6]. - Following the announcement, Six Flags' stock price fell by $6.38 per share, or 20.78%, closing at $24.32 per share on the same day [6]. Leadership Changes - Six Flags' President and CEO, Richard Zimmerman, plans to step down from his roles by the end of the year [6].