Vail Resorts Q4 net income falls on poor weather

Overview

• U.S. ski resort operator's Q4 net loss fell due to poor weather conditions

• Company reported a Q4 Loss Per Share of $5.34 compared to $4.99 last year

• Company expects fiscal 2027 EBITDA to recover, but guidance reflects lower pass demand and inflation

Outlook

• Vail Resorts sees fiscal 2027 net income of $158 mln to $233 mln

• Company expects fiscal 2027 Resort Reported EBITDA of $805 mln to $865 mln, including $14 mln one-time costs

• Vail Resorts expects $25 mln in incremental efficiencies from its resource efficiency plan in fiscal 2027

Result Drivers

• WEATHER IMPACT - Co said historic low snowfall and snowpack in the Rockies and Australia led to reduced visitation and revenue

• COST DISCIPLINE - Co said disciplined cost management and resource efficiency transformation plan delivered $45 mln in savings

• PASS SALES MIX - Co said unlimited pass products outperformed lower-frequency offerings, with declines concentrated among destination frequency passes

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the leisure & recreation peer group is "buy."

• Wall Street's median 12-month price target for Vail Resorts, Inc. is $140.00, about 2.9% above its September 25 closing price of $136.11

• The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)