Whistler Blackcomb reports increase in third-quarter 

Revenue was 22.9-per-cent higher than equivalent period last year

click to enlarge FILE PHOTO - Whistler Blackcomb's revenue for the first nine months of 2016 was 22.9-per-cent higher than the equivalent period last year.
  • File photo
  • Whistler Blackcomb's revenue for the first nine months of 2016 was 22.9-per-cent higher than the equivalent period last year.

Whistler Blackcomb’s (WB) third-quarter results continue to chart the company’s momentum from winter right into summer.

The results, released Wed., Aug. 10, show revenue of $278.7 million for the first nine months of 2016 — a 22.9-per-cent higher revenue than the equivalent period last year.

The report states that as of Aug. 7, 2016, the company generated a 32-per-cent increase for 2016-17 season pass and frequency-card sales to $19.6 million.

Dave Brownlie, WB President and CEO said in the report: “All of our ancillary businesses have delivered solid performances for the year to date and our results this year demonstrate the strength of our operations during a more normal ski season.”

Brownlie went on to add that sightseeing, hiking and bike-park enhancements have contributed to increased visits.

As well, as of June 30, 2016, the company reported its long-term debt outstanding as $188 million, a decrease of $46.5 million compared to $234.5 million as of Sept. 30, 2015.

The third-quarter results come just days after Vail Resorts’ $1.4-billion takeover bid for Whistler Blackcomb (WB), which is expected to conclude this fall.

Tags:

Comments

Subscribe to this thread:

Add a comment

Readers also liked…

Latest in Whistler

© 1994-2016 Pique Publishing Inc., Glacier Community Media

- Website powered by Foundation