Revenue during the quarter surged 45.82 percent to $56.38 million from $38.67 million in the previous year period. Total expenses were 70.36 percent of quarterly revenues, down from 77.16 percent for the same period last year. This has led to an improvement of 680 basis points in operating margin to 29.64 percent.

Operating income for the quarter was $16.72 million, compared with $8.83 million in the previous year period.

Timothy D. Boyd, president and chief executive officer, commented, "We are very pleased with the resort traffic this season to each of our 14 resorts. Overall, it was a strong quarter, despite elevated temperatures in the Northeast and Midwest. The improved results were aided by increased skier visits and season pass sales, which trended above last year’s ski season."

Days sales outstanding went up to 15 days for the quarter compared with 13 days for the same period last year.

Debt increases substantially 
Peak Resorts, Inc. has witnessed an increase in total debt over the last one year. It stood at $186.01 million as on Jan. 31, 2017, up 31.57 percent or $44.63 million from $141.38 million on Jan. 31, 2016. Total debt was 57.59 percent of total assets as on Jan. 31, 2017, compared with 44.80 percent on Jan. 31, 2016. Debt to equity ratio was at 2.76 as on Jan. 31, 2017, up from 2.20 as on Jan. 31, 2016. Interest coverage ratio improved to 5.08 for the quarter from 3.15 for the same period last year.