Retail/rental revenue fell 13% to $26,200,000 from $30,064,000 in MTN’s small fiscal fourth quarter ended Jul. 31, hurt by below average snowfall during the Australian winter season and underperforming N.A. summer operations. In the northern hemisphere, most of the company’s revenue comes from warm season activities like golf and mountain biking. The lower demand was also attributed to the shift in summer travel behavior associated with wider travel options available following restrictions in the prior two years due the pandemic. Gross margin plummeted 670 basis points to 49.5%. Overall FQ4 ... Log in to view full article.