Vail Resorts (MTN) came out with a quarterly loss of $4.67 per share versus the Zacks Consensus Estimate of a loss of $4.28. This compares to loss of $3.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -9.11%. A quarter ago, it was expected that this ski resort operator would post earnings of $9.94 per share when it actually produced earnings of $9.54, delivering a surprise of -4.02%. Over the last four quarters, the compan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09614 EXPERIENCE OF A LIFETIME™ Vail Resorts, Inc. (Exact name of registrant as specified in its charter) Delaware 51-0291762 (State or other jurisd ...

Financial Performance - Net income attributable to Vail Resorts, Inc. was $230.4 million for fiscal 2024, compared to $268.1 million in fiscal 2023[3] - Resort Reported EBITDA was $825.1 million for fiscal 2024, including an $11.1 million negative impact from Crans-Montana[3] - Fiscal 2025 outlook projects net income between $224 million and $300 million, and Resort Reported EBITDA between $838 million and $894 million[5] - The company's forecasted Total Reported EBITDA for fiscal year ending July 31, 2025 ranges from $827 million to $889 million[19] - Net income attributable to Vail Resorts, Inc. is projected to be between $224 million and $300 million for fiscal year 2025[19] - Net revenue for Mountain and Lodging services and other decreased to $201.7 million in July 2024 from $205.8 million in July 2023, while annual revenue increased to $2.39 billion from $2.37 billion[36] - Resort net revenue for July 2024 was $265.3 million, down from $269.7 million in July 2023, with annual revenue remaining stable at $2.88 billion[36] - Total net revenue for July 2024 was $265.4 million, a slight decrease from $269.8 million in July 2023, with annual revenue at $2.89 billion[36] - Mountain Reported EBITDA for July 2024 was a loss of $117.3 million, compared to a loss of $91.1 million in July 2023, while annual EBITDA was $802.1 million, down from $822.6 million[37] - Total Reported EBITDA for July 2024 was a loss of $115.9 million, compared to a loss of $88.0 million in July 2023, with annual EBITDA at $826.6 million, down from $833.1 million[37] - Net loss attributable to Vail Resorts, Inc. for July 2024 was $175.4 million, compared to $128.6 million in July 2023, with annual net income at $230.4 million, down from $268.1 million[36] - Basic net loss per share for July 2024 was $4.67, compared to $3.35 in July 2023, with annual basic net income per share at $6.08, down from $6.76[36] - Mountain segment net revenue decreased by 2.8% to $175.9 million for the three months ended July 2024, compared to $181.0 million in the same period last year[38] - Total skier visits declined by 19.4% to 699,000 for the three months ended July 2024, compared to 867,000 in the same period last year[38] - Lodging segment net revenue increased slightly by 0.9% to $89.4 million for the three months ended July 2024, compared to $88.7 million in the same period last year[39] - Mountain Reported EBITDA decreased by 28.8% to a loss of $117.3 million for the three months ended July 2024, compared to a loss of $91.1 million in the same period last year[38] - Lodging Reported EBITDA decreased by 35.4% to $2.8 million for the three months ended July 2024, compared to $4.3 million in the same period last year[39] - Net loss attributable to Vail Resorts, Inc. for the three months ended July 31, 2024, was $175.4 million, compared to $128.6 million in the same period in 2023[42] - Total Reported EBITDA for the twelve months ended July 31, 2024, was $826.6 million, slightly down from $833.1 million in 2023[42] - Mountain Reported EBITDA for the twelve months ended July 31, 2024, was $802.1 million, compared to $822.6 million in 2023[42] - Lodging Reported EBITDA for the twelve months ended July 31, 2024, increased to $23.0 million from $12.3 million in 2023[42] - Real Estate Reported EBITDA for the twelve months ended July 31, 2024, was $1.5 million, compared to a loss of $1.7 million in 2023[44] - Resort net revenue guidance for fiscal 2025 is projected at $3.03 billion, with an EBITDA margin of 28.6%[45] - Resort Reported EBITDA for the twelve months ended July 31, 2024, was $825.1 million, with a margin of 28.6%[45] Capital Investments and Projects - The company plans to invest $189 million to $194 million in capital projects for the 2024/2025 North American ski season, excluding additional investments in My Epic Gear and other initiatives[21] - My Epic Gear will launch for the 2024/2025 winter season with a membership limit of 60,000 to 80,000 members and requires an additional $13 million investment in premium gear fleet and fulfillment infrastructure[26] - The company plans to invest $8 million in growth capital projects at Andermatt-Sedrun in 2024, focusing on snowmaking infrastructure and on-mountain dining improvements[27] - Total capital plan for calendar year 2024 is expected to be between $216 million and $221 million, including investments in My Epic Gear, Andermatt-Sedrun, and Crans-Montana[28] - The company plans to replace lifts at Whistler Blackcomb, Hunter Mountain, and Perisher, with capital spending for Perisher's lift replacement continuing into 2025[22][23][28] Operational Efficiency and Cost Savings - The company expects to achieve $100 million in annualized savings by the end of fiscal 2026 through its resource efficiency transformation plan[4] - The resource efficiency transformation plan is expected to realize $27 million in savings in fiscal 2025 and $67 million in fiscal 2026[16] Shareholder Returns and Liquidity - The company repurchased 0.7 million shares in fiscal 2024, representing 1.9% of shares outstanding at the beginning of the fiscal year[6] - The company's total liquidity as of July 31, 2024 is approximately $946 million, including $323 million in cash and $623 million in revolver availability[20] - The company declared a quarterly cash dividend of $2.22 per share and repurchased 0.7 million shares at an average price of $208 for a total of $150 million in fiscal 2024[20] - Cash dividends declared per share increased to $2.22 in July 2024 from $2.06 in July 2023, with annual dividends at $8.56, up from $7.94[36] Revenue and Expenses - Pass product sales for the 2024/2025 North American ski season decreased 3% in units but increased 3% in sales dollars compared to the prior year[3] - Total lift revenue increased 1.5% to $1,442.8 million, driven by a 9.4% increase in pass revenue[7] - Ski school revenue increased 6.0% to $17.3 million, while dining revenue increased 1.3% to $2.9 million[8] - Mountain and Lodging operating expenses increased to $257.4 million in July 2024 from $242.2 million in July 2023, with annual expenses at $1.46 billion, up from $1.45 billion[36] - Total stock-based compensation for July 2024 was $6.6 million, slightly up from $6.3 million in July 2023, with annual compensation at $26.8 million, up from $25.4 million[37] Debt and Equity - Total debt decreased to $2.78 billion as of July 31, 2024, compared to $2.82 billion as of July 31, 2023[41] - Net debt increased to $2.46 billion as of July 31, 2024, compared to $2.26 billion as of July 31, 2023[41] - Total Vail Resorts, Inc. stockholders' equity decreased to $723.5 million as of July 31, 2024, compared to $1.00 billion as of July 31, 2023[41] - Net debt as of July 31, 2024, was $2.46 billion, with a Net Debt to Total Reported EBITDA ratio of 3.0x[43] Technology and Guest Experience - The company is investing in new technology, including the My Epic App, Mobile Pass, Mobile Lift Tickets, and My Epic Assistant, to enhance the guest experience[24] Lodging and Real Estate - Owned hotel ADR increased by 2.6% to $317.21 for the three months ended July 2024, compared to $309.23 in the same period last year[40] - Managed condominium RevPAR decreased by 18.6% to $46.30 for the three months ended July 2024, compared to $56.89 in the same period last year[40] Weather Impact - The company expects a $10 million decline in Resort Reported EBITDA in Australia for the first quarter of fiscal 2025 due to record low snowfall[17]

BROOMFIELD, Colo., Sept. 26, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the fourth quarter and fiscal year ended July 31, 2024 and reported results of season-to-date pass product sales. Vail Resorts also provided its outlook for the fiscal year ending July 31, 2025, announced a $100 million multi-year resource efficiency transformation plan, declared a dividend payable in October 2024 and announced share repurchases completed during the fourth quarter. Highlights Net inco ...

Vail Resorts, Inc. (MTN) is scheduled to report fourth-quarter fiscal 2024 results on Sept. 26, after the closing bell. In the last quarter, MTN's earnings and net revenues missed the Zacks Consensus Estimate by 4% and 2.1%, respectively. How are MTN's Estimates Placed? The Zacks Consensus Estimate for the fiscal fourth-quarter loss per share has widened in the past seven days to $4.28 from $4.26. The current estimate indicates a 27.8% decline from the reported value in the year-ago quarter. The consensus m ...

Wall Street analysts expect Vail Resorts (MTN) to post quarterly loss of $4.28 per share in its upcoming report, which indicates a year-over-year decline of 27.8%. Revenues are expected to be $264 million, down 2.1% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone a downward revision of 1.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Ahead of a ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Vail Resorts (MTN) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on September 26. O ...

gladassfanny/E+ via Getty Images Investment Overview Ski resort operator Vail Resorts (NYSE:MTN) made headlines this year after hitting a multi-year low. Underwhelming quarterly performances of late were to blame, driven by unfavorable skiing conditions across North America and Australia. It's now trading at levels last seen during the pandemic while boasting an enticing dividend yield, well above its historical averages. Also, based on multiple scenarios, its fair value computation points to a sizeable mar ...

BROOMFIELD, Colo., Sept. 5, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) announced today it will release the Company's financial results for its fiscal year ended July 31, 2024 after market close on Thursday, September 26, 2024. The Company will host a conference call at 5:00 p.m. eastern time that same day during which Company executives will review the financial results. The call will be broadcast over the Internet at www.VailResorts.com. To listen to the call, go to the website and select the Inve ...

Vail has struggled to grow recently, but the Epic Pass could unlock a bright future. Vail Resorts (MTN -0.11%) has struggled to grow as the cost of going to the mountains has gotten higher and the weather has left fewer skiing days. The company has answered by expanding the value of the Epic Pass, as Travis Hoium highlights in this video. *Stock prices used were end-of-day prices of Aug. 26, 2024. The video was published on Aug. 26, 2024. ...