Intrawest Resorts Holdings Inc. said price increases at its eastern resorts and abundant snow in Colorado ahead of the Christmas break enabled it to increase same-store sales 11.6 percent in the quarter ended Dec. 31, 2014.
Retail and Rental revenues increased by $1.3 million to $12.6 million before including results from the recently acquired Blue Mountain resort. Including Blue Mountain, Retail and Rental revenue reached $15.0 million, up $3.72 million, or 32.9 percent, compared with $11.3 million in the year earlier quarter. Intrawest began including results from Blue Mountain Sept. 19, after bumping up its stake in the company from 50 to 100 percent.
Excluding Blue Mountain, the performance along with higher revenues from mountain bike sales and rentals and summer sales helped push Retail and Rental revenue to $19.4 million, up 10.7 percent compared with the first half of fiscal 2013. Including $1.8 million in revenue from Blue Mountain pushed revenues for the period up 25.4 percent to $21.2 million.
Intrawest also owns Steamboat and Winter Park in Colorado, Stratton in Vermont, Snowshoe in West Virginia, Mont Tremblant in Montreal and Blue Mountain in Ontario as well as North America's largest heli-skiing operator.
