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Peak Resorts fiscal Q1 loss widens YOY

Peak Resorts, Inc. said its normalized net income for the fiscal first quarter ended July 31 amounted to a loss of $2.11 per share, compared with a loss of $2.03 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $8.4 million, compared with a loss of $8.1 million in the year-earlier period.

The normalized profit margin climbed to negative 149.8% from negative 161.2% in the year-earlier period.

Total revenue climbed 11.5% on an annual basis to $5.6 million from $5.0 million, and total operating expenses grew 7.1% on an annual basis to $14.7 million from $13.7 million.

Reported net income totaled a loss of $8.2 million, or a loss of $2.05 per share, compared to a loss of $7.9 million, or a loss of $1.98 per share, in the prior-year period.