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BROOMFIELD, Colo. - Vail Resorts, Inc. (NYSE:MTN) reported better-than-expected earnings for its fiscal second quarter, sending shares up 4.2% in after-hours trading on Monday.
The ski resort operator posted adjusted earnings per share of $6.56, surpassing analyst estimates of $6.30. Revenue came in at $1.14 billion, in line with expectations and up 5.5% YoY.
Vail Resorts saw an 8% increase in Resort Reported EBITDA to $459.7 million compared to the same period last year. The company benefited from its season pass program, investments in guest experience, and strong execution across its mountain resorts.
"We are pleased with our overall results for the quarter," said CEO Kirsten Lynch. "Our results reflect the stability provided by our season pass program, our investments in the guest experience, and the strong execution of our teams across all of our mountain resorts."
Total (EPA:TTEF) skier visits were slightly above prior year levels, with improved conditions offsetting expected industry demand normalization. However, destination guest visitation at western North American mountain resorts declined as historical visitation patterns shifted later in the ski season.
For fiscal 2025, Vail Resorts now expects net income between $257 million and $309 million, with Resort Reported EBITDA projected at $841 million to $877 million.
The company declared a quarterly cash dividend of $2.22 per share, payable on April 10 to shareholders of record as of March 27.
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