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Event Brief of Q3 2002 Four Seasons Hotels Earnings Conference Call - Final - Part 1.
(From Fair Disclosure Wire)
CORPORATE PARTICIPANTS . Douglas Ludwig, EVP & CFO . Barbara Henderson, VP, Taxation & IR OVERVIEW As a result of an asset impairment charge, FS has realized a net loss of Can$12.3m for 3Q02 vs. net earnings of Can$32m or Can$0.80 diluted EPS in 3Q01. Experienced unexpected decline in travel demand levels in the second half of September. Efforts are focused on maintaining and enhancing competitive position in all of the markets in which FS hotels and resorts are located, while keeping a close eye on costs and operating margins. Q&A focus: Market condition, outlook. FINANCIAL DATA A. Key Data From Call 1. Net loss for 3Q = Can$12.3m. 2. ...
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