Submitted by Gary Ward, General Manager & C.O.O.
Mid Season Update & Financials
It’s been an unusual year thus far, opening a week later than last year due to the pandemic, unusually hot and dry spring conditions and significant precipitation over the past month.
Through all of this Chad and his team have kept the course in outstanding conditions and in July we have recorded record sales in the golf shop (up 45% from 2020) and food and beverage (up 49% from 2020). To provide additional context, last July the golf shop sales set an all-time record!
How has this impacted our financial results? Well, the late start and opening under Covid restricted conditions (no guests and no patio), obviously impacted our early season results. Guest revenues continue to track well behind projections and I don’t anticipate will recover this summer, however, we have rebounded nicely in other areas.
As described above and similar to 2020, the pandemic has ensured that revenues and expenses have not rolled out as budgeted. We have continued to actively manage the situation, and in a very unusual manner, we are achieving the desired results.
Financially through July, you’ll be pleased to hear we are slightly ahead of budget. At this point, I remain optimistic we will once again manage our way through the pandemic and deliver the 2021 budget.