Skiers and riders also invited to leave their gear at home this season and try My Epic Gear membership: Premium gear available slopeside √ BROOMFIELD, Colo., Aug. 14, 2024 /PRNewswire/ -- The best time to plan for winter is now, and your checklist to prepare for the ski and ride season is here. Skiers and riders who start planning now will lock in the best deals and experiences when visiting iconic mountain resorts like Vail Mountain, Breckenridge, Park City Mountain, Whistler Blackcomb and more. Here is Va ...

Cyclicality has hit this fun-loving business. However, with the stock now down 50% and paying a 4.7% dividend, investors might want to consider snapping up a few shares. Battling a trio of challenges, including weaker consumer confidence, less snowfall at its North American ski resorts, and tough comparables after a post-COVID resurgence, Vail Resorts (MTN -1.05%) has seen its shares decline 50% since 2021. While Vail is the largest global ski resort with 42 locations across North America, Australia, and Eu ...

KEYSTONE, Colo., June 24, 2024 /PRNewswire/ -- The National Brotherhood of Snowsports (NBS), in partnership with Vail Resorts, is proud to share that NBS has selected Keystone Resort for its 2025 Annual Summit. Bringing together 58 member clubs and thousands of supporters from around the world, the NBS Summit offers a week of winter sports fun to raise funds to support their mission: increasing participation in winter sports while developing and supporting athletes of color who will win international compet ...

JulPo/E+ via Getty Images I wrote about Vail Resorts (NYSE:MTN) previously (Jan this year) with a hold rating as I was not sure if the business could meet its FY24 guidance given the weak consumer spending environment. Based on the recent performance, I don't see any positive developments in the investment case for MTN. In contrast, I believe demand is going to remain weak given the challenging macro environment, high price point, and poor structural weather headwinds ahead. To recapture demand, MTN most li ...

This factor eventually drove the decline in the number of skier visits during the period, resulting in the downtick of the top line of the company. Increased Expenses: To counter the negative impacts of the weather and other related issues, Vail Resorts has been considering various strategic investments to upgrade its ski resorts. The upgrades include new high-speed lift changes with increased headcounts and snowmaking system enhancements. Also, enhancements to its digital platform, My Epic app, and the lau ...

Yes, Vail cut guidance, but does it merit such a big decline? Vail updated guidance (Vail Q3 key metrics) cheaper than ~20x for the S&P 500), which on top of a ~5% yield for the stock ($8.88 in annual yield, based on its most recent $2.22 quarterly dividend annualized) makes this a stock worth banking on. | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------|-------|-------------|-----------------------------------------------------------------|---------- ...

Vail Resorts shares traded down 13.5% at of 10:15 a.m. ET Friday to $167.89, their lowest point since the early part of the COVID-19 pandemic in 2020. Vail Resorts blamed a lack of snowfall as its third-quarter profit and revenue missed analysts' forecasts. The company also cut its full-year guidance. The news sent shares of Vail Resorts to their lowest level since the early part of the COVID-19 outbreak. Shares of Vail Resorts (MTN) headed downhill Friday, a day after the operator of ski resorts posted wor ...

Vail Resorts, Inc. (MTN) reported dismal third-quarter fiscal 2024 results, with earnings and net revenues missing the Zacks Consensus Estimate. The top and the bottom line rose year over year. Total skier visits for the 2023/2024 North American and European ski season declined 7.7% year over year. The downside was caused by a combination of unfavorable conditions and broader industry normalization postCOVID scenario. While pass product visitation met expectations, lift ticket visitation, particularly at Wh ...

Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, and... Read more Proa ...

Vail Resorts, Inc. (NYSE:MTN) Q3 2024 Earnings Conference Call June 6, 2024 5:00 PM ET Company Participants Kirsten Lynch - CEO Angela Korch - CFO Conference Call Participants Shaun Kelley - Bank of America Jeff Stantial - Stifel Ben Chaiken - Mizuho Laurent Vasilescu - BNP Paribas Megan Alexander - Morgan Stanley Patrick Scholes - Truist David Katz - Jefferies Chris Woronka - Deutsche Bank Brandt Montour - Barclays Operator Good afternoon and welcome to the Vail Resorts Fiscal Third Quarter 2024 Earnings C ...