Vail Resorts Reports Certain Ski Season Metrics for the Season-to-Date Period Ended April 19, 2026
Rhea-AI Summary
Vail Resorts (NYSE: MTN) reported season-to-date North American ski metrics through April 19, 2026. Key interim results: skier visits -14.9%, lift revenue -5.6%, ski school -12.0%, dining -11.7%, and retail/rental -6.6%. Rockies visitation declined 25%. Company expects Resort Reported EBITDA near the low end of fiscal 2026 guidance.
Metrics exclude Australian and European resorts and are subject to quarter-end review and adjustments.
Positive
- Skier visits metric disclosed: -14.9%
- Lift revenue metric disclosed: -5.6%
- Rockies visitation figure disclosed: -25%
Negative
- Ski school revenue declined -12.0%
- Dining revenue declined -11.7%
- Retail/rental revenue declined -6.6%
- Company now expects Resort Reported EBITDA near the low end of guidance
News Market Reaction – MTN
In the Apr 23 session, MTN declined 5.05%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 16 | Product expansion | Positive | +1.9% | Expansion of My Epic Gear features into broader rental offerings. |
| Mar 09 | Earnings and guidance | Negative | +0.9% | Weaker Q2 results and lowered fiscal 2026 net income and EBITDA guidance. |
| Mar 03 | Pricing change | Positive | +2.3% | Lower Epic Pass pricing and new discounts targeting younger skiers. |
| Feb 13 | Earnings date notice | Neutral | +2.5% | Announcement of fiscal Q2 2026 earnings release and conference call timing. |
| Jan 15 | Season metrics update | Negative | -2.4% | Season-to-date visit and revenue declines and lowered full-year EBITDA expectation. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent fundamentally focused updates, including weak snowfall impacts and guidance changes, have mostly seen share price moves align with the tone of the news, with one notable divergence on softer Q2 results and guidance cuts.
Over the past few months, MTN updates have centered on weather-driven performance and strategic pass initiatives. On Jan 15, season metrics showed double-digit visit and revenue declines, and the stock fell 2.41%. The Mar 9 Q2 report highlighted softer results and lower fiscal 2026 guidance, yet shares rose 0.93%. Announcements on Epic Pass pricing (Mar 3) and My Epic Gear expansion (Mar 16) were followed by gains of 2.34% and 1.85%, respectively. Today’s deeper in-season declines and lowered EBITDA expectation extend that weather impact narrative.
Key Terms
resort reported ebitda financial
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Season-to-date total skier visits were down
14.9% compared to the prior year period. - Season-to-date total lift revenue, including an allocated portion of season pass revenue for each applicable period, was down
5.6% compared to the prior year period. - Season-to-date ski school revenue was down
12.0% and dining revenue was down11.7% compared to the prior year period. Retail/rental revenue for North American resort and ski area store locations was down6.6% compared to the prior year period.
Commenting on the season-to-date metrics, Rob Katz, Chief Executive Officer said, "The winter of 2025/2026 has been one of the most challenging winters in history across the western
Regarding spring season North American pass sales results, Katz noted, "Spring pass sales for the 2026/2027 season are underway, and through the April 12th deadline, we have a seen a moderate decline in pass product units and a slight decline in sales dollars. It is early in the selling period, with our first pricing deadline in May, and we will provide a more comprehensive update on pass sales trends when we report third quarter results in June 2026."
Basis of Presentation
The reported ski season metrics include growth for season pass revenue based on estimated fiscal 2026 North American season pass revenue compared to fiscal 2025 North American season pass revenue. The metrics include all North American destination mountain resorts and regional ski areas and are adjusted to eliminate the impact of foreign currency by applying current period exchange rates to the prior period for Whistler Blackcomb's results.
About Vail Resorts, Inc. (NYSE: MTN)
Vail Resorts is a network of the best destination and close-to-home ski resorts in the world including Vail Mountain,
Forward-Looking Statements
Certain statements discussed in this press release, other than statements of historical information, are forward-looking statements within the meaning of the federal securities laws, including the statements regarding expected fiscal 2026 performance and the assumptions related thereto, including, but not limited to, our season-to-date metrics; expected Resort Reported EBITDA; expectations regarding weather and economic conditions, and their potential impact on our business; expectations related to our season pass products; execution of our priorities and strategies; and our expectations related to guest behavior, patterns, mix, and visitation, and their anticipated impacts on our business. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include but are not limited to risks related to a prolonged weakness in general economic conditions, including adverse effects on the overall travel and leisure related industries and our business and results of operations; risks associated with the effects of high or prolonged inflation, elevated interest rates and financial institution disruptions; unfavorable weather conditions or the impact of climate change, natural disasters or other events; the ultimate amount of refunds that we could be required to refund to our pass product holders for qualifying circumstances under our Epic Coverage program; the willingness or ability of our guests to travel due to terrorism, the uncertainty of military conflicts or public health emergencies, and the cost and availability of travel options and changing consumer preferences, discretionary spending habits; risks related to travel and airline disruptions, and other adverse impacts on the ability of our guests to travel; risks related to interruptions or disruptions of our information technology systems, data security or cyberattacks; risks related to our reliance on information technology, including our failure to maintain the integrity of our customer or employee data and our ability to adapt to technological developments or industry trends; our ability to acquire, develop and implement relevant technology offerings for customers and partners; the seasonality of our business combined with adverse events that may occur during our peak operating periods; competition in our mountain and lodging businesses or with other recreational and leisure activities; risks related to the high fixed cost structure of our business; our ability to fund resort capital expenditures, or accurately identify the need for, or anticipate the timing of certain capital expenditures; risks related to a disruption in our water supply that would impact our snowmaking capabilities and operations; our reliance on government permits or approvals for our use of public land or to make operational and capital improvements; risks related to resource efficiency transformation initiatives; risks related to federal, state, local and foreign government laws, rules and regulations, including environmental and health and safety laws and regulations; risks related to changes in security and privacy laws and regulations which could increase our operating costs and adversely affect our ability to market our products, properties and services effectively; potential failure to adapt to technological developments or industry trends regarding information technology; our ability to successfully launch and promote adoption of new products, technology, services and programs; risks related to our workforce, including increased labor costs, loss of key personnel and our ability to maintain adequate staffing, including hiring and retaining a sufficient seasonal workforce; our ability to successfully integrate acquired businesses, including their integration into our internal controls and infrastructure; our ability to successfully navigate new markets, including
All forward-looking statements attributable to us or any persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All guidance and forward-looking statements in this press release are made as of the date hereof and we do not undertake any obligation to update any forecast or forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by law.
View original content to download multimedia:https://www.prnewswire.com/news-releases/vail-resorts-reports-certain-ski-season-metrics-for-the-season-to-date-period-ended-april-19-2026-302751274.html
SOURCE Vail Resorts, Inc.