Peak Resorts (SKIS) Misses Q3 EPS by 14c

March 15, 2016 7:48 AM

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.

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