— Total lift revenue rose 8.2% to $484.3 million in the second quarter, primarily due to an increase in pass product revenue and incremental revenue from Peak Resorts
— There was a 11.4% growth in ski school revenue, aided by incremental revenue from Peak Resorts and increased revenue from the company’s western US resorts and Whistler Blackcomb
— The company did not issue financial guidance for fiscal 2020, in view of the uncertainty surrounding the impact of the coronavirus
— Declared quarterly cash dividend of $1.76 per share during the quarter, which is payable on April 9, 2020, to shareholders of record on March 26, 2020
— Last week, destination skier visits fell below expectations, marking a deterioration from the preceding quarter; management expects the trend to continue and potentially worsen in upcoming weeks