Whistler Blackcomb posts higher Q1 net loss, lower revenue and adjusted earnings

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. Adjusted earnings dropped to $9.5 million from $10.2 million while revenue declined by $400,000 to $49.8 million. The number of visits fell about 13 per cent but revenue per visit was up 14 per cent.