Four Seasons Hotels Inc. (TSE Symbol “FSH”; NYSE Symbol “FS”)
today reported its results for the first quarter ended March 31, 2000. Net earnings increased
43.2% to $14.4 million ($0.42 basic and fully diluted earnings per share) for the three months
ended March 31, 2000, as compared to $10.1 million ($0.30 basic and fully diluted earnings per
share) for the first quarter of 1999.
“We are very pleased with the first quarter results which reflect strong operating performance in
virtually all of the markets in which we operate,” commented Isadore Sharp, Chairman and Chief
Executive Officer. “Looking out over the remainder of 2000, we believe that the fundamentals
are in place for continued growth, at a time when we are adding important new properties to the
portfolio, such as the Four Seasons Hotel George V in Paris, which are expected to contribute
significantly to the global growth of the Four Seasons brand.”
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