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Vail Resorts Inc. - MTN STOCK NEWS

Welcome to our dedicated news page for Vail Resorts (Ticker: MTN), a resource for investors and traders seeking the latest updates and insights on Vail Resorts.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Vail Resorts's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Vail Resorts's position in the market.

Rhea-AI Summary
Vail Resorts, Inc. announces the pricing of $600 million in aggregate principal amount of 6.500% senior notes due 2032. The offering is expected to close on May 8, 2024, and the proceeds will be used to fund the redemption of its outstanding 6.250% Senior Notes due 2025. The Notes and guarantees are offered to qualified institutional buyers and non-U.S. persons.
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Rhea-AI Summary
Vail Resorts, Inc. (NYSE: MTN) announced a private offering of $600 million in senior notes due 2032 to fund the redemption of its outstanding 6.250% Senior Notes due 2025. The offering is targeted at qualified institutional buyers and non-U.S. persons, with the notes being unsecured senior obligations guaranteed by certain domestic subsidiaries.
Rhea-AI Impact
Rhea-AI Sentiment
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-1.65%
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Rhea-AI Summary
Vail Resorts reported ski season metrics for the 2023/2024 season-to-date period, showing a 7.8% decrease in total skier visits but a 3.2% increase in total lift ticket revenue. Ski school revenue was up by 7.0%, dining revenue by 2.4%, while retail/rental revenue decreased by 7.1%. CEO Kirsten Lynch highlighted the stability from the season pass program and investments. Late season results improved, but the outlook for fiscal 2024 is expected to finish at the low end of the Resort Reported EBITDA guidance range due to performance at Whistler Blackcomb. Spring pass sales for the 2024/2025 season saw a modest decline in pass product units and growth in sales dollars.
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-5%
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Rhea-AI Summary
Vail Resorts, Inc. appoints Courtney Goldstein as executive vice president and CMO, bringing over 20 years of experience from Comcast and American Express. Goldstein will lead the growth of the Epic Pass subscription model, launch My Epic Gear, and enhance guest experience through digital technology.
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-0.39%
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management
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Rhea-AI Summary
Vail Resorts introduces My Epic Gear membership program for the 2024/25 winter season, offering skiers and riders access to over 60 ski and snowboard models from top brands with free delivery or pick-up. The program aims to revolutionize gear ownership and rental, providing more choice, lower cost, and convenience. Fast Company recognizes Vail Resorts as one of the World's Most Innovative Companies for this initiative.
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0.77%
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Rhea-AI Summary
Vail Resorts introduces My Epic Assistant, a tech feature in the My Epic app offering real-time resort information at guests' fingertips. Launching at four Colorado resorts for the 2024/25 winter season, including Vail Mountain and Beaver Creek.
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2.06%
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Rhea-AI Summary
Vail Resorts, Inc. (NYSE: MTN) appoints Reggie Chambers, an accomplished finance executive, to its board of directors. Chambers brings extensive financial expertise from his roles at TIAA and JPMorgan Chase, along with global business experience. His appointment aims to drive shareholder value and business growth for Vail Resorts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
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management
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Rhea-AI Summary
Vail Resorts, Inc. reports Q2 fiscal 2024 results with net income of $219.3 million, an increase from the prior year. Season-to-date skier visits decreased 9.7%, but lift revenue increased 2.6%. The Company updated its fiscal year 2024 guidance, expecting net income between $270 million and $325 million. The Board approved an 8% increase in the quarterly cash dividend to $2.22 per share. Despite challenging conditions, Resort Reported EBITDA increased by approximately 8% in Q2 compared to the prior year.
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0.72%
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Rhea-AI Summary
Vail Resorts launches 2024/25 Epic Pass with various options and benefits, including access to 42 resorts, lift upgrades, and new features like Mobile Pass and Buddy Tickets. Prices range from $93 to $982, offering savings and flexibility to skiers and riders.
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Rhea-AI Sentiment
End-of-Day
0.52%
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Rhea-AI Summary
Vail Resorts, Inc. (MTN) appoints Julie DeCecco as the new general counsel and executive vice president, succeeding David Shapiro. DeCecco brings extensive legal expertise and a deep understanding of the business after serving in various roles within the company. Shapiro's departure marks the end of his significant contributions during his tenure.
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Rhea-AI Sentiment
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-1.14%
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management
Vail Resorts Inc.

NYSE:MTN

MTN Rankings

MTN Stock Data

8.62B
34.77M
1.38%
102.33%
5.15%
Hotels (except Casino Hotels) and Motels
Accommodation and Food Services
Link
US
Broomfield

About MTN

vail resorts is the premier mountain resort company in the world and a leader in luxury, destination-based travel at iconic locations. at vail resorts, our mission is simple – to create the experience of a lifetime for our employees, so they can in turn, provide the experience of a lifetime for our guests. vail resorts is dedicated to delivering extraordinary guest experiences by continuously investing in our team and the infrastructure, systems and training programs that support the employee experience. you’re someone who pushes boundaries and challenges the status quo. you’re brave, ambitious and passionate in everything you do. and we want you on our team. pursue your fullest potential and never settle for less in the quest to deliver extraordinary guest service. join one of the world's 50 most innovative companies as named by fast company, and re-imagine the mountain resort experience with us. welcome to vail resorts. reach your peak. www.vailresortscareers.com