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 ...

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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 ☐ 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 Vail Resorts, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization ...

• Net income attributable to Vail Resorts, Inc. was $362.0 million for the third fiscal quarter of 2024 compared to net income attributable to Vail Resorts, Inc. of $325.0 million in the same period in the prior year. • Resort Reported EBITDA was $654.4 million for the third quarter of fiscal 2024, which included $1.3 million of acquisition related expenses. In the same period in the prior year, Resort Reported EBITDA was $623.3 million, which included $0.1 million of acquisition and integration related exp ...

Core Insights - Vail Resorts, Inc. reported a net income of $362 million for Q3 fiscal 2024, an increase from $325 million in the same period last year, reflecting strong operational performance despite challenging conditions [2][4] - The company updated its fiscal 2024 guidance, expecting Resort Reported EBITDA to be between $833 million and $851 million, influenced by the acquisition of Crans-Montana Mountain Resort and lower-than-expected lift ticket visitation [2][14] - Season pass sales for the upcoming 2024/2025 ski season decreased approximately 5% in units but increased about 1% in sales dollars compared to the previous year, indicating a shift in consumer behavior post-COVID [2][13] Financial Performance - Resort net revenue increased by $44.8 million, or 3.6%, to $1,283.1 million for the three months ended April 30, 2024, compared to the same period last year [4][11] - Resort Reported EBITDA for the same period was $654.4 million, up 5.0% from $623.3 million in the prior year [2][4] - Total lift revenue rose by $35.6 million, or 5.0%, to $745.7 million, driven by a 13.7% increase in pass product revenue [11][12] Operational Highlights - The company experienced a 7.7% decline in total skier visits compared to the prior year, attributed to unfavorable weather conditions and broader industry normalization post-COVID [2][14] - Ancillary spending per skier visit increased, with ski school revenue up 11.1% and dining revenue up 7.7%, indicating strong performance in non-lift revenue streams [11][12] - The acquisition of Crans-Montana Mountain Resort is expected to contribute negatively to Resort Reported EBITDA for fiscal 2024, with an anticipated impact of negative $12 million [2][14] Capital Management - The company declared a quarterly cash dividend of $2.22 per share, payable on July 10, 2024, and repurchased approximately 0.3 million shares at an average price of $217, totaling about $75 million [2][12] - Vail Resorts completed a $600 million offering of 6.50% Senior Notes due 2032, using the proceeds to redeem existing debt, thereby extending the maturity of its credit facilities [2][12] - The total capital plan for calendar year 2024 is expected to be approximately $219 million to $224 million, including investments in Crans-Montana and the launch of My Epic Gear [6][12]

In its upcoming report, Vail Resorts (MTN) is predicted by Wall Street analysts to post quarterly earnings of $9.99 per share, reflecting an increase of 22.1% compared to the same period last year. Revenues are forecasted to be $1.31 billion, representing a year-over-year increase of 5.9%. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timefram ...