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Peak Resorts revenue report out for Q3 2015-16, no surprise that numbers were down

post #1 of 2
Thread Starter 

The beginning of the March 16 article in New England Ski Industry is pretty clear.  Peak didn't do well given the weather during early season.  Peak added Hunter in Dec 2015, but that meant adding debt as well as potential revenue.  The report released covers Nov thru Jan.  Peak owns 5 ski resorts in the northeast and two in PA.

 

* Hunter, NY

* Wildcat, NH

* Attitash, NH

* Crotched, NH

* Mount Snow, VT

* Big Boulder, PA

* Jack Frost, PA

 

http://www.newenglandskiindustry.com/viewstory.php?storyid=398

 

Peak Resorts Revenue Declines Sharply
Q3 results reflect first half of winter season at Attitash, Crotched, Mount Snow, and Wildcat.

 

Peak Resorts, owner of Attitash, Crotched, Mount Snow, and Wildcat, released its quarterly earnings yesterday, giving one of the first glimpses of the staggering impact the 2015-16 winter has had on New England ski areas.

Sharp Revenue Decline

The company's third quarter earnings, spanning November, December, and January, declined by 16 percent over the same period in 2014-15, even after the addition of a new ski area.

post #2 of 2

Honestly given how bad the weather was in November/December I'm surprised it was only down 16%. 

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