Retail/rental revenue dipped 7% to $24,304,000 from $26,200,000 in MTN’s small fiscal fourth quarter ended Jul. 31, primarily attributed to the underperformance at its Australian resorts, which experienced a 28% decline in snowfall, resulting in 18% lower skier visitation in the quarter. In North America, snowfall across western resorts was down 28% from the prior year and Eastern resorts experienced limited natural snow and variable temps. Implied gross margin improved 350 basis points to 53.0%. Overall FQ4 net loss expanded to $175,377,000 against a loss of $128,566,000 prior, on sales ... Log in to view full article.