BROOMFIELD, Colorado - Vail Resorts (NYSE:MTN) shares were up 3.14% in after-hours trading Monday after the ski resort operator reported better-than-expected fiscal first quarter results and raised its full-year revenue guidance.
The company posted a loss of $4.61 per share for the quarter ended October 31, beating analyst estimates for a loss of $5.01 per share. Revenue came in at $260.3 million, topping expectations of $251.89 million.
Vail Resorts also raised its fiscal 2025 revenue forecast to $3.031 billion, above the consensus estimate of $3.004 billion. The company reaffirmed its previous Resort Reported EBITDA guidance range of $838 million to $894 million.
"Our first fiscal quarter historically operates at a loss, given that our North American and European mountain resorts are generally not open for ski season," said CEO Kirsten Lynch. She noted that results were driven by winter operations in Australia and summer activities in North America.
For the upcoming 2024/2025 North American ski season, pass product sales through December 3 decreased approximately 2% in units but increased 4% in sales dollars compared to the prior year period. Lynch said this reflects "strong loyalty with growth among renewing pass holders across all geographies."
The company plans to invest approximately $249 million to $254 million in calendar year 2025 capital projects, including transformational investments at Park City (NYSE:TRAK) Mountain and Vail Mountain.
Vail Resorts declared a quarterly dividend of $2.22 per share, payable on January 9, 2025 to shareholders of record as of December 26, 2024.
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