News Column


February 4, 2014

WHISTLER, B.C. - Whistler Blackcomb Holdings Inc. (TSX:WB) says a drop in customer visits to its ski resorts in the final months of 2013 pushed down its first-quarter revenue and adjusted earnings. Its net loss also more than doubled to $12.3 million in the three months ended Dec. 31 , compared with $5.6 million in the first quarter of fiscal 2012. The loss amounted to 19 cents per share, compared with seven cents per share a year earlier, with the increase mostly due to non-operating items. Whistler Blackcomb's adjusted earnings dropped to $9.5 million from $10.2 million while revenue declined by $400,000 to $49.8 million . It says the number of visits fell about 13 per cent but revenue per visit was up 14 per cent as a result of higher ticket prices and guest spending on the company's other related businesses. In the current quarter as of Feb. 2 , skier visits were down 8.6 per cent compared with the same period last year but sales of seasons pass and frequency cards were up three per cent to $41.4 million . ( The Canadian Press )

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Source: Canadian Press Broadcast Wire (Canada)

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