Welcome to our dedicated page for Vail Resorts news (Ticker: MTN), a resource for investors and traders seeking the latest updates and insights on Vail Resorts stock.
Vail Resorts reports news on a global mountain resort network that includes destination and regional ski areas in North America, Switzerland and Australia. Recurring updates cover Epic Pass products, season pass sales, skier visits, lift revenue, ski school, dining, retail and rental activity, and weather-related effects on resort operations.
The company also announces financial results and guidance, summer and winter resort operations, food and beverage offerings, rental technology initiatives such as My Epic Gear, and lodging and hospitality activity tied to RockResorts, vacation rentals, condominiums and the Grand Teton Lodge Company.
Vail Resorts (NYSE: MTN) has announced it will release its fiscal first quarter 2025 financial results on December 9, 2024, after market close. The company will host a conference call at 5:00 p.m. eastern time to discuss the results. The call will be accessible via telephone and webcast through www.VailResorts.com, with replay available until December 16, 2024. Vail Resorts operates a network of 37 ski resorts across North America, Switzerland, and Australia, along with RockResorts hotels and over 250 retail locations.
The Town of Vail, Vail Resorts, and East West Partners have announced a partnership to develop a fourth base village at Vail Mountain in the West Lionshead area. The project aims to reinforce Vail Mountain's status as a world-class destination, featuring new lodging, restaurants, boutiques, and skier services. It will also include community benefits such as workforce housing, public spaces, transit, and parking.
The Vail Town Council voted unanimously in favor of the partnership and creating a new master plan for the development. As part of the agreement, Vail Resorts will dismiss its appeal of the Town's condemnation of the company's East Vail property. East West Partners will lead the community engagement and design process, followed by the entitlement process.
The initiative represents a new era of collaboration between the Town of Vail and Vail Resorts, with a shared vision for Vail's future. Community input will be sought through open houses starting this fall, and the project is subject to all applicable entitlement and approval processes.
Vail Resorts (NYSE: MTN), the world's largest mountain resort operator, has announced a two-year Resource Efficiency Transformation Plan to enable future growth and global expansion. The plan aims to improve organizational effectiveness and scale for operating leverage, expecting $100 million in annualized cost efficiencies by the end of fiscal year 2026.
The transformation includes three pillars: Scaled Operations, Global Shared Services, and Expanded Workforce Management. It will impact less than 2% of the company's total workforce, including 14% of its corporate workforce and less than 1% of its operations workforce. The plan builds on Vail Resorts' expansion over the past 10 years, growing from 10 to 42 owned and operated mountain resorts across four countries.
Vail Resorts (NYSE: MTN) reported fiscal 2024 results and provided a 2025 outlook. Key highlights include:
- Net income of $230.4 million for fiscal 2024, down from $268.1 million in 2023
- Resort Reported EBITDA of $825.1 million for fiscal 2024
- Pass product sales for 2024/2025 season decreased 3% in units but increased 3% in sales dollars
- Announced $100 million resource efficiency plan to achieve annualized savings by fiscal 2026
- Fiscal 2025 outlook: Net income of $224-300 million, Resort Reported EBITDA of $838-894 million
- Declared quarterly dividend of $2.22 per share
- Repurchased 0.7 million shares in fiscal 2024 for $150 million
Results were impacted by a 9.5% decline in skier visitation due to unfavorable weather and industry normalization. The company expects growth in fiscal 2025 from pricing, ancillary spending, and efficiency initiatives.
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.