Western Mountain Lodging Finishes Winter Season On Strong Note

A late-season surge increased visits to enable participating properties in Western mountain destinations to reach an aggregated 102.3 percent of the total actual room nights booked for the entire last winter, according to Inntopia’s DestiMetrics tracking service. However, daily rates weren’t strong enough to offset more than a month of lost nights.

April Retail Sales Hold Mostly Steady From March

Retail sales were virtually unchanged from their strong performance a month before and grew dramatically year-over-year in April as the rapidly recovering U.S. economy marked a full year since the coronavirus pandemic shut down most stores during the spring of 2020, according to the National Retail Federation.

Yeti’s Q1 Sales Expand 42 Percent

Yeti Holdings Inc. reported earnings increased three-fold in the first quarter ended April 3 as sales grew 42 percent. Both earnings and sales came in well above Wall Street targets.

Under Armour’s Debt Ratings Outlook Upgraded

S&P Global Ratings raised its debt outlook for Under Armour Inc. to Stable From Negative. S&P said Under Armour’s strong first-quarter results “indicate its financial metrics are improving amid the coronavirus pandemic.”