Peak Resorts Announces Continued Strong Season Pass Sales Growth
May 08 2017 - 9:00AM
Peak Resorts, Inc. (NASDAQ:SKIS), a leading
owner and operator of high-quality, individually branded ski
resorts in the U.S., today reported preliminary results from the
pre-season sales of the company’s 2017/18 season pass program.
Consolidated season pass unit sales and sales revenue were both up
8.6% compared to the prior year.
“We are very encouraged by the continued strong interest in our
Peak Pass, which is an affordable multi-resort product for skiers
and riders in the New York City and Northeastern U.S. regions,”
said Timothy D. Boyd, president and chief executive officer.
“Despite the unusually warm weather we experienced throughout the
past season, the growth in season pass sales signifies steady
consumer demand for our ski resorts, while easing the weather
impact on our financial performance.”
About Peak Resorts Headquartered in Missouri,
Peak Resorts is a leading owner and operator of high-quality,
individually branded ski resorts in the U.S. The company now
operates 14 ski resorts primarily located in the Northeast and
Midwest, 13 of which are company owned, including Hunter Mountain,
the Catskills' premier winter resort destination.
The majority of the resorts are located within 100 miles of
major metropolitan markets, including New York City, Boston,
Philadelphia, Cleveland and St. Louis, enabling day and overnight
drive accessibility. The resorts under the company's umbrella offer
a breadth of activities, services and amenities, including skiing,
snowboarding, terrain parks, tubing, dining, lodging, equipment
rentals and sales, ski and snowboard instruction and mountain
biking and other summer activities. To learn more, visit the
company’s website at ir.PeakResorts.com, or follow Peak
Resorts on Facebook (https://www.facebook.com/skipeakresorts) for
resort updates.
Forward Looking Statements This news release
contains forward-looking statements regarding the future outlook
and performance of Peak Resorts, Inc., within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
are subject to a variety of risks and uncertainties that could
cause actual results to differ materially from current
expectations. These risks and uncertainties are discussed under the
caption “Risk Factors” in the company’s Annual Report on Form 10-K
for the year ended April 30, 2016, filed with the Securities and
Exchange Commission (the “SEC”), and as updated from time to time
in the company’s filings with the SEC. Peak Resorts
undertakes no obligation to release publicly the result of any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
For Further Information:
312-690-6003
InvestorRelations@PeakResorts.com
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