Earnings summaries and quarterly performance for VAIL RESORTS.
Executive leadership at VAIL RESORTS.
RK
Robert Katz
Detailed
Chief Executive Officer
CEO
AK
Angela Korch
Detailed
Executive Vice President and Chief Financial Officer
BR
Bill Rock
Detailed
President - Mountain Division
GS
Greg Sullivan
Detailed
Executive Vice President, Retail/Rental & Hospitality
JD
Julie DeCecco
Detailed
Executive Vice President, General Counsel and Chief Public Affairs Officer
LK
Lynanne Kunkel
Detailed
Executive Vice President, Chief Human Resources Officer & Chief Transformation Officer
Board of directors at VAIL RESORTS.
BS
Bruce Sewell
Detailed
Lead Independent Director
HS
Hilary Schneider
Detailed
Director
IK
Iris Knobloch
Detailed
Director
JR
John Redmond
Detailed
Director
JS
John Sorte
Detailed
Director
MR
Michele Romanow
Detailed
Director
NR
Nadia Rawlinson
Detailed
Director
PV
Peter Vaughn
Detailed
Director
RC
Reginald Chambers
Detailed
Director
SD
Susan Decker
Detailed
Director
Research analysts who have asked questions during VAIL RESORTS earnings calls.
Brandt Montour
Barclays PLC
9 questions for MTN
Also covers: BALY, BYD, CCL +23 more
Chris Woronka
Deutsche Bank AG
9 questions for MTN
Also covers: CAR, DRH, FUN +13 more
DK
David Katz
Jefferies Financial Group Inc.
9 questions for MTN
Also covers: AGS, BALY, BYD +35 more
Jeffrey Stantial
Stifel Financial Corp.
9 questions for MTN
Also covers: AGS, BALY, BRAG +9 more
SK
Shaun Kelley
Bank of America Merrill Lynch
9 questions for MTN
Also covers: BYD, CHDN, CHH +16 more
LV
Laurent Vasilescu
BNP Paribas S.A.
7 questions for MTN
Also covers: AS, BIRK, CLAR +9 more
BC
Benjamin Chaiken
Mizuho Financial Group, Inc.
6 questions for MTN
Also covers: BYD, CCL, CHDN +14 more
AK
Arpine Kocharian
UBS Group AG
5 questions for MTN
Also covers: FUN, MAT, PRKS +1 more
PS
Patrick Scholes
Truist Financial Corporation
4 questions for MTN
Also covers: BYD, CCL, CHH +13 more
Stephen Grambling
Morgan Stanley
4 questions for MTN
Also covers: BC, BYD, CHH +21 more
AK
Arpine Kocharyan
UBS
3 questions for MTN
Also covers: FUN, HAS, LTH +2 more
BC
Ben Chaiken
Mitsui
3 questions for MTN
Also covers: BYD, CCL, CHDN +7 more
CS
Charles Scholes
Not Disclosed
3 questions for MTN
Also covers: ABNB, CERT, CHH +8 more
MB
Matthew Boss
JPMorgan Chase & Co.
2 questions for MTN
Also covers: , AEO, ANF +38 more
Megan Alexander
Morgan Stanley
2 questions for MTN
Also covers: BC, GOLF, HOG +6 more
C. Patrick Scholes
Truist Securities
1 question for MTN
Also covers: CHH, H, HGV +3 more
Megan Christine Alexander
Morgan Stanley
1 question for MTN
Also covers: BC, CAG, COOK +15 more
Megan Clapp
Morgan Stanley
1 question for MTN
Also covers: BRBR, CAG, CPB +14 more
MB
Molly Baum
Bank of America
1 question for MTN
Also covers: EYE, FND, LTH
PG
Paul Golding
Macquarie Capital
1 question for MTN
Also covers: CIFR, CLSK, CORZ +11 more
Xian Siew
BNP Paribas
1 question for MTN
Also covers: BC, DOOO, MANU +3 more
Recent press releases and 8-K filings for MTN.
Vail Resorts reports ski season metrics and updates fiscal 2026 guidance
MTN
Guidance Update
Demand Weakening
- Vail Resorts reported a 20.0% decrease in season-to-date total skier visits through January 4, 2026, compared to the prior year period.
- Season-to-date total lift revenue was down 1.8%, with ski school revenue, dining revenue, and retail/rental revenue also declining by 14.9%, 15.9%, and 6.0%, respectively.
- The company attributed these declines to one of the worst early season snowfalls in the western U.S. in over 30 years, with snowfall in the Rockies nearly 60% below the historical 30-year average.
- Consequently, Vail Resorts now expects its full-year Resort Reported EBITDA to be just below the low end of the guidance range issued on September 29, 2025.
Jan 15, 2026, 1:00 PM
Vail Resorts Reports Q1 2026 Results and Reiterates FY 2026 Guidance
MTN
Earnings
Guidance Update
New Projects/Investments
- Vail Resorts (MTN) reported Q1 2026 resort net revenue increased by 4% year over year, while resort reported EBITDA remained flat.
- For the 2025-2026 ski season, North American pass product sales dollars increased by 3%, despite units being down 2%. The company has approximately 2.3 million guests committed, expected to generate about $1 billion in revenue.
- The company reiterated its fiscal year 2026 guidance, projecting net income between $201 million and $276 million and resort-reported EBITDA between $842 million and $898 million.
- For calendar year 2026, Vail Resorts plans total capital investments of $234 million to $239 million, maintained its cash dividend at $2.22 per share, and repurchased approximately 200,000 shares for $25 million post-quarter.
- Strategic initiatives include new lift ticket offerings (Epic Friends Tickets, 30% advanced discount), increased marketing, and an expected $75 million in cumulative efficiencies from the Resource Efficiency Transformation Plan in fiscal year 2026.
Dec 10, 2025, 10:00 PM
Vail Resorts Announces Q1 2026 Results and Reaffirms FY26 Guidance
MTN
Earnings
Guidance Update
New Projects/Investments
- Vail Resorts reported Q1 2026 resort net revenue increased 4% year over year, with resort reported EBITDA remaining flat.
- The company reiterated its fiscal year 2026 guidance, projecting net income between $201 million and $276 million and resort-reported EBITDA between $842 million and $898 million.
- North American pass product sales for the 2025-2026 ski season concluded with units decreasing by 2% but sales dollars increasing by 3%.
- New strategies to increase lift ticket visitation include Epic Friends Tickets (50% discount for passholder friends/family) and an advanced discount of 30% for purchases made one month ahead, with up to $175 of the ticket cost applicable to a next-season pass.
- Vail Resorts plans a calendar year 2026 total capital investment of $234 million to $239 million for guest experience enhancements, technology, and sustainability initiatives.
Dec 10, 2025, 10:00 PM
MTN Reports Q1 2026 Results, Reiterates FY 2026 Guidance, and Details Capital Plan
MTN
Earnings
Guidance Update
New Projects/Investments
- For Q1 2026, MTN reported resort net revenue up 4% year-over-year, while resort reported EBITDA was flat.
- For the 2025-2026 ski season, pass sales units were down 2% but sales dollars increased 3%, with approximately 2.3 million guests committed to advance products expected to generate $1 billion of revenue.
- The company reiterated its FY 2026 guidance for net income of $201-$276 million and resort-reported EBITDA of $842-$898 million, anticipating $38 million in incremental efficiencies from its Resource Efficiency Transformation Plan.
- MTN announced a calendar year 2026 total capital plan of $234-$239 million, which includes investments in lift upgrades, dining experiences, remote avalanche control systems, and technology enhancements for the My Epic app and e-commerce platform.
- The company maintains a strong balance sheet with $1.5 billion in liquidity, upheld its $2.22 per share cash dividend, and repurchased approximately 200,000 shares for $25 million after the quarter end.
Dec 10, 2025, 10:00 PM
Vail Resorts Reports Q1 Fiscal 2026 Results, Reaffirms Guidance, and Announces 2026 Capital Plan
MTN
Earnings
Guidance Update
New Projects/Investments
- Vail Resorts reported a net loss attributable to Vail Resorts, Inc. of $186.8 million for Q1 fiscal 2026, compared to a net loss of $173.3 million in the prior year, with Resort Reported EBITDA loss flat at $139.7 million.
- North American pass product sales for the 2025/2026 ski season, as of December 5, 2025, saw an approximate 2% decrease in units but an approximate 3% increase in sales dollars compared to the same period last year.
- The company reaffirmed its fiscal 2026 guidance, projecting net income attributable to Vail Resorts, Inc. between $201 million and $276 million and Resort Reported EBITDA between $842 million and $898 million.
- For calendar year 2026, Vail Resorts plans to invest $215 million to $220 million in core capital, with total capital spending expected to be $234 million to $239 million.
- The Board declared a quarterly cash dividend of $2.22 per share payable on January 12, 2026, and the company repurchased approximately 0.2 million shares in November for a total of $25 million.
Dec 10, 2025, 9:05 PM
Vail Resorts Reports Q4 2025 Results and Fiscal 2026 Guidance
MTN
Earnings
Guidance Update
Share Buyback
- Vail Resorts reported $844 million in resort reported EBITDA for fiscal 2025, representing 2% growth compared to the prior year, despite a 3% decline in total skier visits across North American resorts.
- For fiscal year 2026, the company expects net income attributable to Vail Resorts to be between $201 million and $276 million and reported EBITDA between $842 million and $898 million. This guidance includes $38 million of incremental efficiencies from the Resource Efficiency Transformation Plan, which is expected to exceed $100 million in annualized cost efficiencies by the end of fiscal 2026.
- Season pass sales for the upcoming North American ski season, as of September 19, 2025, decreased approximately 3% in units but increased approximately 1% in sales dollars compared to the prior year period.
- The company is implementing strategic changes, including the introduction of Epic Friend Tickets to drive discounted lift ticket sales and future pass conversions, and investing in technology enhancements for the My Epic app, such as new in-app commerce functionality.
- During the quarter, Vail Resorts repurchased approximately 1.29 million shares for $200 million at an average price of approximately $156 per share and declared a quarterly cash dividend of $2.22 per share.
Sep 29, 2025, 9:00 PM
Vail Resorts Reports Fiscal 2025 Results, Provides Fiscal 2026 Outlook, and Updates on Pass Sales
MTN
Earnings
Guidance Update
Demand Weakening
- Vail Resorts reported net income attributable to Vail Resorts, Inc. of $280.0 million and Resort Reported EBITDA of $844.1 million for fiscal year 2025.
- For fiscal year 2026, the company expects net income attributable to Vail Resorts, Inc. to be between $201 million and $276 million, and Resort Reported EBITDA to be between $842 million and $898 million.
- Pass product sales for the upcoming 2025/2026 North American ski season, through September 19, 2025, decreased approximately 3% in units but increased approximately 1% in sales dollars compared to the prior year period.
- The company declared a quarterly cash dividend of $2.22 per share and repurchased approximately 1.29 million shares for $200 million during the quarter, contributing to a total of 1.69 million shares repurchased for $270 million for the full fiscal year.
- Management stated that fiscal 2025 results were "below expectations" and pass sales growth was "limited," but expressed confidence in returning to "higher growth in fiscal year 2027 and beyond" through strategic adjustments.
Sep 29, 2025, 8:07 PM
Vail Resorts Reports Fiscal 2025 Results and Provides Fiscal 2026 Outlook
MTN
Earnings
Guidance Update
Share Buyback
- Vail Resorts reported net income attributable to Vail Resorts, Inc. of $280.0 million and Resort Reported EBITDA of $844.1 million for fiscal year 2025.
- For fiscal year 2026, the company provided guidance expecting net income attributable to Vail Resorts, Inc. to be between $201 million and $276 million and Resort Reported EBITDA between $842 million and $898 million.
- Pass product sales for the upcoming 2025/2026 North American ski season, through September 19, 2025, decreased approximately 3% in units but increased approximately 1% in sales dollars compared to the prior year period.
- The company declared a quarterly cash dividend of $2.22 per share payable on October 27, 2025, and repurchased approximately 1.29 million shares for $200 million during the quarter, contributing to a total of $270 million in repurchases for the full fiscal year.
- Vail Resorts completed an offering of $500 million aggregate principal amount of 5.625% Senior Notes due 2030 on July 2, 2025.
Sep 29, 2025, 8:05 PM
Vail Resorts Reports Q2 2025 Results and Reaffirms Fiscal 2025 Guidance
MTN
Earnings
Guidance Update
New Projects/Investments
- Vail Resorts reported net income attributable to Vail Resorts of $245.5 million and diluted earnings per share of $6.56 for the second quarter of fiscal 2025, with Resort reported EBITDA growing 8% to $459.7 million compared to the prior year.
- The company's fiscal 2025 guidance for net income attributable to Vail Resorts remains between $257 million and $309 million, and Resort reported EBITDA is expected to be between $841 million and $877 million, consistent with original guidance, excluding a $7 million negative impact from foreign currency rates.
- Vail Resorts is on track to achieve $100 million in annualized cost efficiencies by the end of its fiscal 2026 through its two-year resource efficiency transformation plan.
- For the 2025-2026 season, pass prices have increased 7% over the prior season pass launch price.
- As of January 31, 2025, the company's total liquidity was approximately $1.7 billion, and it declared a quarterly cash dividend of $2.22 per share payable on April 10, 2025.
Mar 10, 2025, 9:00 PM
Quarterly earnings call transcripts for VAIL RESORTS.
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