All articles tagged with #vail resorts
Vail Resorts reported fiscal 2026 net income of $147.5 million, down from $280 million in the prior year, due to historic snow deficits in the western U.S. and Australia. Resort EBITDA fell 11.7% to $745.7 million. The company expects a recovery in fiscal 2027, guided by $158 million to $233 million in net income, supported by cost efficiencies and pricing strategies despite ongoing pass sales declines.
Three federal lawsuits in Colorado allege that Vail Resorts, Alterra Mountain Co., Boyne Resorts, and Powdr conspired to raise and maintain high lift-ticket and pass prices by sharing nonpublic pricing data through industry groups, seeking class-action relief for thousands of skiers.
Vail Resorts posted a 7% revenue decline to $90.4 million in the third quarter, citing unusually poor snow across the western U.S. during Spring Break and lowering its full-year forecast; Epic Pass sales dropped 10% year over year—the largest decline since its 2008 launch—while Colorado ski areas saw 24% fewer visitors and days open fall to 129 from 144.
A snow-starved winter forced Vail Resorts to cut its earnings forecast, with skier visits down about 11.9% through March 1 and declines across ski school, dining, rentals, and lift tickets. The company lowered its annual target from about $842–$898 million to $745–$775 million as Epic Pass sales slow and promotions (younger-pass discounts and half-price tickets for friends/family) aim to spur demand, while stock remained under pressure.
Vail Resorts reported Q2 FY2026 net income of $210 million and Resort Reported EBITDA of $421.3 million, both down from a year earlier due to a snow-starved winter in the Rockies. Season-to-date metrics also showed declines in skier visits and lift revenue. The company cut its fiscal 2026 guidance to net income of $144–$190 million and Resort Reported EBITDA of $745–$775 million. It declared a quarterly dividend of $2.22 per share and bought back about 0.3 million shares in the quarter. Liquidity was roughly $1.1 billion, with net debt around 2.55 billion and a 3.1x trailing EBITDA multiple. Core capital plans for 2026 are about $215–$220 million, plus $234–$239 million including growth, supported by ongoing Resource Efficiency Transformation efforts.
Crans-Montana, a historic and luxurious Swiss ski resort known for hosting major sporting events and attracting international tourists, experienced a devastating fire at a bar, resulting in dozens of deaths and about 100 injuries. The resort, recently acquired by Vail Resorts in 2024, is set for infrastructure upgrades amid its reputation as a high-end destination in the Valais region.
Kirsten Lynch resigned as CEO of Vail Resorts following a challenging winter season marked by operational issues at Park City Mountain, with Rob Katz returning as CEO to restore trust and address ongoing community concerns. Lynch, the first woman to lead the company, will stay on briefly in an advisory role, while Katz aims to reaffirm the company's commitment to its communities and stakeholders.
Rob Katz announced his return as CEO of Vail Resorts, expressing gratitude for Kirsten's leadership and emphasizing a focus on stakeholder alignment, continuous improvement, and core values to ensure growth and a memorable experience for employees and guests.
Vail Resorts announced Rob Katz will return as CEO, succeeding Kirsten Lynch who stepped down but will remain as an advisor. Katz, a long-time leader of the company, will continue to serve as Chairperson. The company reaffirmed its fiscal 2025 guidance and reported that early pass sales are on track. Lynch expressed gratitude for her tenure, and Katz expressed optimism about the company's future.
Stocks of Vail Resorts, DocuSign, Samsara, and Braze experienced significant movements in after-hours trading.
US stock futures were mostly flat on Thursday night after the S&P 500 closed at its highest level for the year. Dow Jones futures fell by 0.11%, S&P 500 futures dipped 0.04%, while Nasdaq 100 futures rose 0.04%. DocuSign shares jumped nearly 5% in extended trading after the electronic agreements firm beat analysts' first-quarter expectations on the top and bottom lines. Meanwhile, Vail Resorts shares fell 3.9% after missing third-quarter earnings expectations, and General Motors advanced 3% after announcing a partnership with Tesla to use the electric vehicle maker's charging network in North America.
DocuSign beats Q1 earnings expectations, with revenue of $661 million. Vail Resorts misses Q3 earnings expectations, with revenue of $1.24 billion. General Motors partners with Tesla to use its charging network in North America. Comtech Telecommunications reports a wider GAAP loss in Q3, but slightly beats revenue expectations.