Vail Resorts (MTN) Q3 Earnings Miss Estimates, Stock Declines

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 ...