Orlando, FL 12/16/11 (StreetBeat) -- Great Wolf Resorts Inc. (Nasdaq: WOLF), the Madison operator of Great Wolf Lodge water park resorts, said Thursday that its fourth-quarter adjusted earnings are expected to be at the top end of the company's guidance on same-store revenue per available room growth of about 8.5 percent.The company said adjusted earnings for the year ending Dec. 31, 2012, are expected to be more than $80 million, with fourth-quarter earnings of about $12.5 million.
Great Wolf also introduced earnings guidance for 2012, predicting an increase in adjusted earnings of about 4 to 11 percent to $83 million to $89 million. Adjusted earnings exclude a variety of expenses including taxes, depreciation and amortization.
Revenue per available room, a key lodging statistic, is expected to grow by 3 percent to 7 percent in 2012, based on a current assessment of business conditions, including a forecast of consumer demand and discretionary spending trends.
"Our operating performance throughout 2011 has been extremely strong, which should result in significantly better results than we had anticipated as we entered the year," said Great Wolf CEO Kim Schaefer.
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