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Jan 31, 2021
Vail Resorts Q2 2021 Earnings Report
Reported results for the second quarter of fiscal 2021 and provided outlook for fiscal 2021 third quarter, both negatively impacted by COVID-19 and related limitations and restrictions.
Key Takeaways
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.
Net income attributable to Vail Resorts, Inc. was $147.8 million for the second fiscal quarter of 2021, a decrease of 28.4% 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 a Resort Reported EBITDA of $378.3 million for the second fiscal quarter of 2020, primarily as a result of the negative impacts from capacity restrictions related to COVID-19 and challenging early season conditions, partially offset by disciplined cost management.
Results continued to improve in January and February following the peak holiday period, with season-to-date total skier visits down 8.2% and total lift revenue down 8.9% through March 7, 2021 compared to the prior year season-to-date period through March 8, 2020.
The Company issued guidance for the nine months ended April 30, 2021 and expects Resort Reported EBITDA to be between $560 million and $600 million assuming current regulations, health and safety precautions and that levels of demand and normal conditions persist through the spring, consistent with current levels.
Vail Resorts
Vail Resorts
Vail Resorts Revenue by Segment
Revenue by Segment
Real Estate Revenue
CapyFin.com Forward Guidance
The Company expects net income attributable to Vail Resorts, Inc. to be between $204 million and $247 million and Resort Reported EBITDA is expected to be between $560 million and $600 million for the nine month period ending April 30, 2021, assuming current regulations, health and safety precautions and that levels of demand and normal conditions persist through the spring, consistent with current levels.