
Vail Resorts (NYSE: MTN) reported its Q4 earnings, revealing a mixed performance. The company posted revenue of $265.39 million, slightly below the expected $265 million, and a Q4 EPS of -$4.67, missing the estimate of -$4.22. CEO Kirsten Lynch attributed a 9.5% decline in skier visits to unfavorable weather conditions across North America and Australia. The company also announced a two-year transformation plan and a 14% reduction in workforce. For fiscal year 2024, net income attributable to Vail Resorts was $230.4 million, down from $268.1 million in fiscal 2023. Resort Reported EBITDA was $825.1 million, including an $11.1 million charge. For FY 25, Vail Resorts projects revenue of $3 billion, EBITDA of $866 million, and net income between $224 million and $300 million.
Vail Resorts CEO: ". Skier visitation declined 9.5% compared to the prior year, driven by unfavorable conditions across our resorts in North America and Australia..." $MTN: +2.4% AH More: https://t.co/siP0W0PgzT https://t.co/eTbzf8Zm89
25 PE for $MTN w a 4.88% yield which may be in terminal decline more than $MO at 8% and 8.8 PE. Skier visitation down 9.5%
High End Consumer Faltering? Vail Resorts $MTN Earnings Recap Visitors 699k vs 830k est (off season, however) Rev $265M vs $265M est EPS -$4.67 vs -$4.22 est Cutting 14% of jobs Sees FY 25: Rev $3B vs $3B est EBITDA $866M vs $878M est Net income $224-300M vs $310M Stock was…
