Peak Resorts (SKIS) Misses Q3 EPS by 14c
Peak Resorts (NASDAQ: SKIS) reported Q3 EPS of $0.26, $0.14 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $38.67 million versus the consensus estimate of $45.59 million.
| (dollars in thousands) | Three months ended January 31, | Nine months ended January 31, | ||||||||
| 2016 | 2015 | 2016 | 2015 | |||||||
| Revenues | ||||||||||
| Lift and tubing tickets | $ | 20,717 | $ | 24,652 | $ | 20,717 | $ | 24,666 | ||
| Food and beverage | $ | 5,972 | $ | 7,415 | $ | 8,913 | $ | 11,145 | ||
| Equipment rental | $ | 3,354 | $ | 4,066 | $ | 3,354 | $ | 4,066 | ||
| Ski instruction | $ | 3,384 | $ | 3,970 | $ | 3,384 | $ | 3,970 | ||
| Hotel/lodging | $ | 2,080 | $ | 2,358 | $ | 4,855 | $ | 5,038 | ||
| Retail | $ | 2,133 | $ | 2,622 | $ | 2,588 | $ | 3,090 | ||
| Other | $ | 1,027 | $ | 902 | $ | 6,443 | $ | 5,836 | ||
| Total | $ | 38,667 | $ | 45,985 | $ | 50,254 | $ | 57,811 | ||
| (dollars in thousands) | Three months ended January 31, | Nine months ended January 31, | ||||||||
| 2015 | 2014 | 2015 | 2014 | |||||||
| Resort operating expenses | ||||||||||
| Labor and labor related expenses | $ | 13,858 | $ | 13,836 | $ | 26,411 | $ | 26,425 | ||
| Retail and food and beverage cost of sales | $ | 3,426 | $ | 4,331 | $ | 4,693 | $ | 5,861 | ||
| Power and utilities | $ | 2,478 | $ | 3,245 | $ | 3,726 | $ | 4,725 | ||
| Other | $ | 5,584 | $ | 5,786 | $ | 11,507 | $ | 11,784 | ||
| Total | $ | 25,346 | $ | 27,198 | $ | 46,336 | $ | 48,795 | ||
For earnings history and earnings-related data on Peak Resorts (SKIS) click here.