Peak Resorts Inc. (Nasdaq:SKI) reported revenues from its retail stores and summer activities both declined in the fiscal first quarter ended July 31, down $10 million from the year earlier quarter.
Retail revenues reached $149 million, down $10 million for the quarter ended a year earlier, while revenue from summer activities slipped 3.1 percent to $1.86 million. Food and beverage revenue soared 88.1 percent to $2.49 million while and hotel/lodging income reached $1.81 million, an increase of 23.8 percent.
Peak Resorts owns 13 and operates 14 small ski resorts located primarily in the Northeast and Midwest . The majority of our 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.