Vail Resorts Announces Job Cuts to Streamline Operations for Future Growth Vail Resorts, the world’s largest mountain resort operator, announced significant job cuts as part of a two-year transformation plan to improve efficiency and enable future growth. The company will cut 14% of its corporate staff and less than 1% of its operations workforce, impacting less than 2% of its employees. In a letter to employees, Lynch stated, “A portion of […] Industry News SnowBrains | September 27, 2024 0 Comments
Vail Resorts 2024 Financial Results: Income Down 15%, Skier Visitation Down 9.5% | $100 Million Efficiency Plan Unveiled Yesterday, Vail Resorts, Inc. reported its fiscal 2024 fourth quarter and full-year results, revealing a decline in net income to $230.4 million, down from $268.1 million in the previous year. Related: Vail Resorts Rumored to Investigate Purchase of 3rd Swiss Resort Despite challenging weather conditions and industry normalization post-COVID, Vail Resorts demonstrated resilience through its advance commitment strategy. The company […] Industry News SnowBrains | September 27, 2024 1 Comment
Vail Resorts Q3 2024 Financial Results: Record Q3 Earnings Despite Weather Challenges; 24/25 Epic Pass Sales Down 5% Vail Resorts yesterday announced its financial results for the third quarter of fiscal 2024, which ended on April 30. Despite challenging weather conditions, the company reported significant growth in key areas and provided updates on its fiscal 2024 guidance and early season pass sales. Related: What are Vail Resortsโ Plans for World Domination? Key Highlights: Net Income and EBITDA Growth: […] Industry News SnowBrains | June 7, 2024 0 Comments
Vail Resorts Q2 2024 Financial Results: Skier Visits Down 10%, But Income Up 5% Despite 42% Lower Snowfall In its latest financial update, released on Monday, Vail Resorts, Inc. (NYSE: MTN) has detailed its financial performance for the second quarter of fiscal 2024, ending March 3, 2024, along with insights into its season pass sales, lodging trends, and comprehensive plans for the upcoming year. Related: What are Vail Resortsโ Plans for World Domination? “Given the unfavorable conditions across […] Industry News SnowBrains | March 13, 2024 1 Comment
Vail Resorts Reports 2023 Financial Results: Pass Sales +11%, Net Income Down $80 Million, and New Lifts Teased for 2024 Vail Resorts yesterday reported financial results for the fourth quarter and fiscal year 2023 ending July 31, 2023, season-to-date pass sales, and updates on capital spending plans. The results fell short of expectations due to subpar snowfall in Australia and North American summer operations underperforming. Shares dropped 0.5% in after-hours trading. Related: What are Vail Resortsโ Plans for World Domination? […] Industry News SnowBrains | September 29, 2023 0 Comments
Vail Resorts 2023 Q2 Financial Results: Season-to-Date Skier Visits Up 3.6%, $1.3bn Cash on Hand Vail Resorts last week reported results for the second quarter of fiscal 2023, which ended January 31, 2023, and provided the Company’s ski season-to-date metrics through March 5, 2023. Related: Vail Resortsโ 1st Qtr 2023 Results | Made $137 Million Loss, Total Epic Pass Sales Down 12% on Last Season Vail Resorts revealed in the previous quarter’s results that it […] Industry News SnowBrains | March 13, 2023 1 Comment
Vail Resortsโ 4th Qtr 2022 Results | Closes Out the Year With $2.5 Billion Sales, Best Since 2009 Vail Resorts yesterday reported financial results for the fourth quarter of fiscal 2022 which ended July 31st, 2022. Net income was $347.9 million, compared to $127.9 million the previous year. The company recorded $836.9 million in earnings compared to $544.7 million the previous year. Lift revenue was $1.31bn for the three months to July 31st, an increase of $233.6 million, […] Industry News SnowBrains | September 29, 2022 2 Comments
Vail Resorts Beat Expectations Yesterday, Announcing 3rd Quarter Profit of $275-Million on $889-Million Revenue Vail Resorts’ profit for its latest quarter improved on the previous year when the covid-19 pandemic forced closures of the company’s destinations in the US and Canada.ย The Colorado-based ski resort operator yesterday reported a profit of $274.6 million for its fiscal third quarter, up from $152.5 million for the same period last year, beating expectations. Revenue increased to $889.1 million […] Industry News SnowBrains | June 8, 2021 2 Comments