Vail Resorts Stock Price, News & Analysis

Vail Resorts (NYSE: MTN) has announced its fiscal 2024 year-end earnings release date. The company will disclose financial results for the fiscal year ended July 31, 2024, after market close on Thursday, September 26, 2024. A conference call is scheduled for 5:00 p.m. eastern time the same day, where company executives will review the financial results.

Interested parties can access the call via the Internet at www.VailResorts.com or by telephone. The call will be archived on the company's website, and a replay will be available until October 3, 2024. Vail Resorts operates a network of ski resorts worldwide, including properties in North America, Switzerland, and Australia.

Vail Resorts (MTN) has announced opening dates for the 2024/25 winter season and set a September 2 deadline for Epic Pass purchases. Key highlights include:

- Opening dates range from mid-October for Keystone to December 6 for Kirkwood and Stevens Pass
- New lifts at Whistler Blackcomb and Hunter Mountain to improve guest experience
- Epic Pass options available from $44-$1,004, offering up to 65% savings compared to lift tickets
- Launch of My Epic Gear membership for $50, providing access to premium equipment at 12 resorts
- Winter Getaway Sale offering up to 35% off lodging rates for Epic Pass holders
- Introduction of Mobile Pass and My Epic Assistant features in the My Epic app

These initiatives aim to enhance the ski and ride experience while providing value for customers across Vail Resorts' properties.

The National Brotherhood of Snowsports (NBS) has selected Keystone Resort for its 2025 Annual Summit, scheduled from February 22 to March 1, 2025. Organized in partnership with Vail Resorts, the event will attract approximately 1,500 participants. The summit aims to promote winter sports and support athletes of color in international competitions. Keystone Resort was chosen for its convenient access from Denver International Airport and its diverse terrain suitable for all skill levels. The event will feature a range of activities including tours, clinics, game nights, après parties, and concerts.

Vail Resorts (NYSE: MTN) reported its fiscal 2024 third quarter results, with net income rising to $362 million from $325 million the previous year. EBITDA for the quarter was $654.4 million, up from $623.3 million. The company adjusted its full-year guidance, forecasting net income between $224-$256 million and EBITDA between $825-$843 million. Early season pass sales for the 2024/25 ski season fell 5% in units but rose 1% in sales dollars. A $2.22 per share dividend was declared, and 0.3 million shares were repurchased. Vail completed the acquisition of Crans-Montana Mountain Resort in Switzerland, contributing a negative $12 million to fiscal 2024 EBITDA. The company issued $600 million in senior notes to refinance existing debt. Critical insights include the impact of challenging weather conditions on visitation and stronger ancillary spending.

Vail Resorts (NYSE: MTN) will release its fiscal third quarter 2024 financial results on June 6, 2024, after market close. Their quarter ended on April 30, 2024. A conference call to discuss the results will be held at 5:00 p.m. ET the same day, accessible through the company's website or via phone. The call's replay will be available until June 13, 2024.

Vail Resorts operates renowned ski resorts worldwide, including Vail Mountain, Breckenridge, and Whistler Blackcomb. Their portfolio also includes hotels, vacation rentals, and retail locations. The company aims for a zero net operating footprint by 2030.

Skiers and riders are urged to secure their 2024/25 Epic Pass before prices increase on Memorial Day, May 27. The pass provides access to 42 mountain resorts worldwide and offers exclusive benefits. Reasons to buy include the lowest price guarantee, down payment options, summer discounts, discounted buddy tickets, skip-the-line access, My Epic Gear memberships, new Switzerland resort addition, and enhanced mobile pass features. Various pass options cater to different preferences and budgets.

Vail Resorts, Inc. has acquired Crans-Montana Mountain Resort, its second ski resort in Europe, representing a strategic investment in the region. The acquisition includes ownership of lifts, ski schools, restaurants, and a total valuation of CHF 118.5 million. Vail Resorts plans to invest CHF 30 million in capital spending to enhance guest experiences over the next five years. Season pass details and access for the 2024/25 season were also announced. Appointments have been made to oversee operations in Switzerland, with Mike Goar appointed as regional COO and Pete Petrovski as managing director of Crans-Montana Mountain Resort.