Vail Resorts on Monday reported a bigger than expected fourth quarterly loss, hurt by one-time charges tied to a leadership change and efficiency plans, while sales of season passes slipped ahead of the upcoming North American ski season.
The company posted a net loss of $5.08 per share for the fourth quarter ended July 31, wider than analysts’ estimate of a $4.77 loss. Revenue came in at $271.3 million, slightly below expectations of $272.2 million.
Shares of the Broomfield, Colorado-based company fell 1.8% in after-hours trading.
Vail’s fiscal fourth quarter typically operates at a loss because most of its North American and European resorts are closed.
This year, results were also hit by $8 million in CEO transition costs and $5 million tied to its resource efficiency program.
Season pass sales through Sept 19 for the upcoming 2025/26 season were down about 3% in units but up 1% in dollars from a year earlier, reflecting price hikes but softer renewals from less frequent skiers.
The company expects fiscal 2026 net income between $201 million and $276 million and Resort EBITDA of $842 mln to $898 million, including $14 million of one-time costs.
Vail declared a quarterly dividend of $2.22 per share and repurchased $200 million of stock in the quarter.
Source :
https://www.investing.com/news/earnings/vail-resorts-posts-wider-quarterly-loss-pass-sales-fall-4261798
