Vail Resorts Stock Price, News & Analysis

Vail Resorts (MTN) reported a net income of $223.4 million for Q2 FY2022, up from $147.8 million a year earlier. This increase is attributed to improved conditions compared to prior COVID-19 impacts. Resort EBITDA surged 44.1% to $397.9 million, with season-to-date skier visits up 2.8% and lift revenue 10.3% higher than FY2020. However, ancillary revenues, particularly in food and beverage, remain below pre-pandemic levels. The company anticipates FY2022 EBITDA between $813 million and $837 million, reflecting robust demand from destination guests and impacts from recent acquisitions.

Vail Resorts, Inc. (NYSE: MTN) will release its fiscal second quarter 2022 financial results on March 14, 2022, after market close. The results will cover the period ending on January 31, 2022. Following the release, a conference call will occur at 5:00 p.m. ET for executives to discuss the financial performance. Investors can listen live or access a replay via the company’s website. Vail Resorts operates numerous mountain resorts and is a key player in the global ski industry.

Vail Resorts is launching a 96 Hour Sale from Feb. 8 to Feb. 11, allowing guests to save on lodging at various North American mountain destinations. Epic Pass Holders gain early access starting Feb. 4 and enjoy an additional 20% off room rates, along with discounts on food and rentals. Rates start at $139 per night, valid for stays throughout the year. Safety protocols are in place to protect guests amid ongoing health concerns. This sale aims to attract winter travelers and encourage early bookings for upcoming seasons.

Vail Resorts (NYSE: MTN) reported ski season metrics for the period ending January 2, 2022. Total skier visits declined by 1.7% year-over-year and 18.3% compared to fiscal 2020. However, lift ticket revenue rose 25.9% from last year but fell 4.6% from 2020. Ski school and dining revenues increased by 59.1% and 64.7%, respectively, compared to last year, but were still down from 2020. The company cited challenging weather conditions and COVID-19 impacts, particularly the Omicron variant, as factors affecting overall performance. The expected Resort Reported EBITDA for fiscal 2022 remains within previous guidance.

On December 31, 2021, Vail Resorts, Inc. (NYSE: MTN) completed its acquisition of Seven Springs Mountain Resort, Hidden Valley Resort, and Laurel Mountain Ski Area in Pennsylvania for approximately $118 million. This acquisition adds three resorts to Vail's expanding network, now totaling 40 worldwide. Operations will continue as usual for the 2021-22 winter season, and the resorts will be included in select Epic Pass products for 2022-23, enhancing accessibility for Epic Pass holders in key markets such as Pittsburgh and Washington, D.C.

Vail Resorts (MTN) reported a net loss of $139.3 million for Q1 FY 2022, an improvement from a $153.8 million loss a year earlier. Resort Reported EBITDA loss was $108.4 million, up from a $94.8 million loss, largely due to COVID-19 impacts. Pass sales surged, increasing 47% in units and 21% in dollars, contributing to a robust demand outlook for the ski season. The company maintains a strong liquidity position with $1.5 billion cash on hand and announced a $0.88 dividend. Vail Resorts reaffirmed its fiscal 2022 EBITDA guidance of $785 million to $835 million.

Vail Resorts, Inc. (NYSE: MTN) has announced the acquisition of Seven Springs Mountain Resort, Hidden Valley Resort, and Laurel Mountain Ski Area for approximately $125 million. This strategic purchase aims to enhance Vail Resorts' presence in the region, targeting key markets such as Pittsburgh and Washington, D.C. The acquisition is expected to generate incremental annual EBITDA exceeding $15 million by the fiscal year ending July 31, 2023, alongside an estimated increase of $3 million in annual ongoing capital expenditures. The transaction is projected to close this winter.

Vail Resorts announced the final opportunity to purchase its Epic Pass for the 2021-22 ski season, which ends at 11:59 p.m. MT on December 5. The Epic Pass is offered at a 20 percent discount, now priced at $879. To enhance the experience for Pass Holders, lift ticket sales will be limited during peak holiday periods. The company is implementing data-driven strategies to improve operational efficiency and guest experience, which includes new lift plans and Epic Mountain Rewards that provide discounts on various services at its resorts.

Vail Resorts announces its annual Cyber Sale, offering up to 40% off midweek stays from Nov. 23 to Nov. 30 throughout the ski season. Epic Pass holders get exclusive early access and an extra 20% off starting Nov. 19. Lift ticket sales will be limited during key holiday periods to enhance the experience for pass holders, encouraging advance purchase. The sale features discounted lodging at various resorts across North America, including Vail, Beaver Creek, and Breckenridge, with rates starting as low as $139 per night.