Blog Coverage Ski Season Brings Cheer to Peak Resorts as it Witnessed an Increase in Sale of Season Pass

Upcoming AWS Coverage on Manchester United Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 3, 2017 / Active Wall St. blog coverage looks at the headline from ski resort owner and operator Peak Resorts, Inc. (NASDAQ: SKIS) as the Company announced on February 02, 2017, that the sale of its seasons pass for the current winter season witnessed a phenomenal increase. The sales are up 28% in unit terms and 23% in dollar terms compared to its sales for the last year. The current winter season, which is already in progress from November 2016, continued till January 29, 2017. There was also an increase in paid skier visits to the Company’s 14 resorts. The paid skier visits were up 40% till the end of the winter season compared to last year. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Peak Resorts’ competitors within the Sporting Activities space, Manchester United PLC (NYSE: MANU), announced on January 26, 2017, that it will report its Q2 2017 results on Thursday, 09 February, 2017, at approximately 7:00 a.m. ET and host a conference call at 8:00 a.m. ET to discuss the results. AWS will be initiating a research report on Manchester United in the coming days.

Today, AWS is promoting its blog coverage on SKIS; touching on MANU. Get all of our free blog coverage and more by clicking on the link below:

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The data shared by the Company is an interim period data and are preliminary and unaudited. They are subject to completion of the Company’s customary closing procedures.

Commenting on the optimistic data, Timothy D. Boyd, President and CEO of Peak Resorts said:

“Weather has been better than last year and we believe we have benefitted from the pent-up demand because of the poor weather conditions last year. These results reflect a noticeable improvement over last year as we have been especially pleased with the cross-property utilization of the Peak Pass across our New England portfolio.”

The winter season Peak Pass

In March 2016, Peak Resorts had launched a single winter season pass. The winter season (2016-2017) Peak Pass came with six options and was valid across seven different mountain locations. The various options included the Explorer Pass which gave access to unlimited skiing and riding along with unlimited access to seven resorts, retail discounts, and access to summer festivals. The other passes include the Drifter Pass, the Ranger Pass which featured 11 blacked out holiday dates, the Traveler Pass which offered midweek-only skiing and riding, and the Scout Pass seven-resort access for children ages six and under. The Peak Pass was a hit with customers and has played an important role in boosting the Company’s sales in the current winter season.

The resorts covered under the Peak Pass included – Mount Snow in Vermont, Attitash, Wildcat and Crotched Mountains in New Hampshire, Hunter Mountain in New York and Jack Frost and Big Boulder in Pennsylvania. The Hunter Mountain resort was a new addition and it acquired in January 2016 for $38.6 million. The resort is a premier destination in the Catskills and its addition to the Company’s portfolio of resorts makes it the foremost ski operator in the metro New York-area. The acquisition also help the Company cater to the demand from the overnight and day-drive market segments.

About Peak Resorts

Peak Resorts is headquartered in Missouri and own and operate 14 individually branded ski resorts in the Northeast and the Midwest. Resorts under the Company umbrella include Alpine Valley, Attitash Mountain Resort, Crotched Mountain, Hidden Valley, Hunter Mountain, Mad River Mountain. Out of the total 14, the Company owns 13 resorts and all of them are located within 100-mile radius of New York City, Boston, Philadelphia, Cleveland and St. Louis. The strategic location gives easy access to people in these areas, who can easily drive over and take advantage of the various activities offered by the resorts. The activities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction and mountain biking.

In December 2016, Peak Resorts had announced the reopening of the Mad River Mountain ski resort in Zanesville, Ohio. The new $6.5 million base lodge replaces the main lodge that burned down in 2015. The new resort offers a whole lot of new amenities, better views, and more space while incorporating the best features of the old lodge. The improved version will continue to offer the best skiing and riding options, making it Ohio’s premier resort.

Stock Performance

On February 02, 2017, Peak Resorts’ share price finished the trading session at $5.60, rising 3.70%. A total volume of 84.79 thousand shares exchanged hands, which was higher than the 3 months’ average volume of 47.11 thousand shares. The stock has advanced 19.15% and 13.13% in the last three months and past six months, respectively. Moreover, the stock gained 0.90% since the start of the year. The stock has a dividend yield of 9.82% and currently has a market cap of $78.29 million.

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