Vail Resorts Earnings Reports

Vail Resorts' Q2 FY25 revenue increased 5.5% year-over-year to $1.14 billion. Net income reached $245.5 million, with an EPS of $6.56. Total skier visits grew 6.8%, contributing to a 6.9% rise in lift revenue. Despite some declines in lodging revenue, the company maintained solid performance across mountain operations.

Vail Resorts reported a net loss attributable to Vail Resorts, Inc. of $172.8 million for the first quarter of fiscal 2025, with Resort Reported EBITDA loss of $139.7 million. Pass product sales through December 3, 2024, decreased approximately 2% in units but increased approximately 4% in sales dollars compared to the prior year. The company reaffirmed its Resort Reported EBITDA guidance of $838 million to $894 million for fiscal 2025 and updated its net income attributable to Vail Resorts, Inc. guidance to $240 million to $316 million.

Vail Resorts reported a decrease in fourth-quarter Resort Reported EBITDA, driven by underperformance in the Australian winter business, with snowfall declining 28% year-over-year and 44% below the ten-year average. However, North America summer mountain business saw 15% revenue growth despite weather-related and construction-related disruptions.

Vail Resorts reported a net income of $362.0 million for the third quarter of fiscal 2024, compared to $325.0 million in the same period in the prior year. Resort Reported EBITDA was $654.4 million, including $1.3 million of acquisition related expenses. The company updated its fiscal 2024 guidance, expecting Resort Reported EBITDA to be between $825 million and $843 million, and net income attributable to Vail Resorts, Inc. to be between $224 million and $256 million.

Vail Resorts reported a net income of $219.3 million for the second fiscal quarter of 2024, compared to $208.7 million in the same period of the prior year. Resort Reported EBITDA increased to $425.0 million, which included $2.1 million of acquisition related expenses. The company updated its fiscal year 2024 guidance, expecting net income to be between $270 million and $325 million, and Resort Reported EBITDA to be between $849 million and $885 million.

Vail Resorts reported a net loss attributable to Vail Resorts, Inc. of $175.5 million for the first quarter of fiscal 2024, compared to a net loss of $137.0 million in the same period in the prior year. Resort Reported EBITDA loss was $139.8 million, compared to a loss of $96.5 million in the prior year. Pass product sales increased approximately 4% in units and approximately 11% in sales dollars.

Vail Resorts reported a decrease in fourth-quarter performance driven by investments in employees and weather-related challenges in Australia. However, the company is pleased with the overall results for the year, with strong growth in 2022/2023 North American ski season visitation and spending compared to the prior year, further supported by the stability created by advance commitment products.

Vail Resorts reported net income attributable to Vail Resorts, Inc. of $325.0 million for the third fiscal quarter of 2023, with Resort Reported EBITDA of $623.3 million. The company updated its fiscal 2023 guidance and completed $400 million in share repurchases during the quarter. Pass product sales through May 30, 2023, increased approximately 6% in units and approximately 11% in sales dollars compared to the prior year.

Vail Resorts reported a decrease in net income attributable to Vail Resorts, Inc. to $208.7 million for the second fiscal quarter of 2023, compared to $223.4 million in the same period in the prior year. Resort Reported EBITDA was $394.8 million, a slight decrease from $397.9 million in the prior year. However, season-to-date total skier visits and lift revenue increased, with strong growth in ski school, dining, and retail/rental revenue. The company updated its fiscal year 2023 guidance, expecting net income to be between $282 million and $328 million and Resort Reported EBITDA to be between $831 million and $859 million.

Vail Resorts reported a net loss attributable to Vail Resorts, Inc. of $137.0 million for the first quarter of fiscal 2023, compared to a net loss of $139.3 million in the same period in the prior year. Resort Reported EBITDA loss was $96.5 million, compared to a loss of $108.4 million in the first quarter of fiscal 2022. The company reaffirmed its fiscal year 2023 net income guidance of $321 million to $396 million and Resort Reported EBITDA guidance of $893 million to $947 million.

Vail Resorts reported strong fiscal 2022 fourth quarter results, driven by record visitation at Australian resorts and continued recovery in North American summer operations. The company provided a positive outlook for fiscal year 2023 and announced its 2023 capital plan.

Vail Resorts reported strong third quarter fiscal 2022 results, significantly outperforming the prior year due to the reduced impact of COVID-19 and related restrictions. The company updated its fiscal 2022 guidance, expecting Resort Reported EBITDA to be between $828 million and $842 million.

Vail Resorts reported net income of $223.4 million for the second quarter of fiscal 2022, up from $147.8 million in the same period last year. Resort Reported EBITDA was $397.9 million, compared to $276.1 million in the prior year. The company updated its fiscal 2022 guidance, expecting Resort Reported EBITDA to be between $813 million and $837 million.

Vail Resorts reported a net loss attributable to Vail Resorts, Inc. of $139.3 million for the first quarter of fiscal 2022, an improvement compared to the prior year's $153.8 million loss. Resort Reported EBITDA loss was $108.4 million, compared to a loss of $94.8 million in the prior year. Pass product sales increased significantly, and the company reaffirmed its fiscal year 2022 Resort Reported EBITDA guidance of $785 million to $835 million.

Vail Resorts reported its fiscal 2021 fourth quarter and full year results, which were negatively impacted by COVID-19. Despite these challenges, the company highlighted its data-driven marketing capabilities, the value of its pass products, and the resiliency of demand for its resorts.

Vail Resorts reported fiscal 2021 third quarter results, which were negatively impacted by COVID-19 and related limitations and restrictions. Net income attributable to Vail Resorts, Inc. was $274.6 million, an increase of 80.0% compared to the third fiscal quarter of 2020. Resort Reported EBITDA was $462.2 million, compared to $304.4 million for the third fiscal quarter of 2020.

Vail Resorts reported a decrease in net income attributable to Vail Resorts, Inc. to $147.8 million for the second fiscal quarter of 2021, a 28.4% decrease compared to the second fiscal quarter of 2020, primarily as a result of the negative impacts of COVID-19. Resort Reported EBITDA was $276.1 million for the second fiscal quarter of 2021, compared to $378.3 million for the second fiscal quarter of 2020.

Vail Resorts reported a net loss of $153.8 million for the first quarter of fiscal 2021, impacted by COVID-19. Season pass sales increased approximately 20% in units but were flat in sales dollars.

Vail Resorts reported a significant decrease in fourth-quarter results due to the impact of COVID-19, which led to the closure of North American resorts and limitations on summer and Australian winter operations. Resort net revenue and Resort Reported EBITDA decreased compared to the prior year, reflecting reduced visitation and cost reductions.

Vail Resorts reported a net income of $152.5 million for the third quarter of fiscal 2020, significantly impacted by COVID-19 and resort closures, with Resort Reported EBITDA at $304.4 million, offset by cost actions.

Vail Resorts reported its fiscal year 2020 second quarter results, showing a slight increase in net income compared to the previous year. However, due to the uncertain impact of the coronavirus, the company withdrew its fiscal year 2020 guidance.