News

SeaWorld Stocks Sink to Unprecedented Lows

The fledgling aquatic park reports more than $200 million in lost profits, falling attendance, and share values at their lowest since its 2013 IPO.

This week, struggling aquatic park SeaWorld reported dismal sales, attendance, and stock values for its first and second quarter 2017 fiscal year. The park reported attendance was down by approximately 353,000 guests across its properties in the first half of 2017 and a net cash loss of $237 million in that time period. According to financial media outlet SeekingAlpha, SeaWorld’s share values “[sunk] to their lowest level ever since the company's IPO in 2013.” The company began a rapid decline since the release of the 2013 documentary Blackfish—damages from which SeaWorld failed to report to shareholders according to a current lawsuit against the company. Many marine animals have died inside of the park’s tanks, including Tilikum, the subject of Blackfish. “SeaWorld's death toll this year includes Tilikum the orca, Szejna the polar bear, a possibly inbred infant Commerson's dolphin, an infant beluga, and the infant orca Kyara—and her ailing grandmother is reportedly poised to follow her—and it's because of all this that the company's stock continues to take a pounding,” People for the Ethical Treatment of Animals’ Vice President Tracy Reiman said. “How many more animals will die, and how much lower will SeaWorld's profits go, before the company heeds PETA's call to move the surviving animals to coastal sanctuaries?” SeaWorld CEO Joel Manby said he plans to redirect funds to focus on advertising to rebuild the company’s reputation, particularly in California.

More News

Memphis Meats Raises $17 Million from Major Investors

The "clean" meat company is now backed by animal-agriculture giant Cargill, business magnate Richard Branson, billionaire Bill Gates, and Kimbal Musk.
Read More »

Peet's Debuts Vegan-Friendly Pumpkin Spice Latte

The major coffee chain adds coconut milk and coconut whipped cream to its permanent menu in time for the fall pumpkin craze.
Read More »

Stevie Wonder-Inspired Vegan Salad Bar Hits Seattle

Seattle's Plum Bistro empire owner Makini Howell creates new salads inspired by the time she spent touring with Stevie Wonder.
Read More »

Major Australian Dairy Brand's Sales Drop 22 Percent

The continent's biggest dairy company Murray Goulburn is closing facilities and cutting out product lines as Australians consume less milk.
Read More »

Ben & Jerry's Asks Fans to Pick New Vegan Flavor

The ice cream giant is crowdsourcing its next non-dairy flavor to add to its seven-pint line.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »