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 ...

The reported revenue represents a surprise of -2.09% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being $9.94, the EPS surprise was -4.02%. Here is how Vail Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Shares of Vail Resorts have returned -1.4% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it cou ...

Vail Resorts (MTN) came out with quarterly earnings of $9.54 per share, missing the Zacks Consensus Estimate of $9.94 per share. This compares to earnings of $8.18 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -4.02%. A quarter ago, it was expected that this ski resort operator would post earnings of $6.07 per share when it actually produced earnings of $5.76, delivering a surprise of -5.11%. Over the last four quarters, the ...