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.
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