MTN
Vail Resorts, Inc.158.14
-1.85-1.16%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
5.69BP/E (TTM)
22.79Basic EPS (TTM)
6.94Dividend Yield
0.06%Recent Filings
8-K
Q2 results hit by weather
Vail Resorts reported Q2 fiscal 2026 net income of $210 million, down from $244 million last year, as brutal Rocky Mountain weather slashed skier visits 12.5% and Resort Reported EBITDA to $421 million. Lift revenue dipped just 2.9% thanks to 3% higher pass sales. It cut full-year guidance to $144-$190 million net income and $745-$775 million Resort Reported EBITDA. Weather crushed visitation.
10-Q
Q2 FY2026 results
Vail Resorts posted solid Q2 FY2026 results through January 31, 2026, with net revenue at $1.08B, down 4.8% y/y, yet Resort operating income held at $345M, off 9.9% y/y amid brutal western U.S. snowfall. Mountain lift revenue fell 2.9% y/y to $626M on 12.5% fewer skier visits, but effective ticket price jumped 11.0% y/y to $92; pass revenue rose $4M despite delayed openings (timing shift of $8.8M). Operating expenses dropped 2.8% y/y on tight labor controls. Diluted EPS of $5.87 matched basic on 35.8M shares, no dilution. Cash fell to $385M with $576M operating cash flow less $147M capex (FCF $430M, derived); total debt $2.93B including $1.16B term loan at 5.27%, revolver fully available at $600M. Repaid $525M convertibles using delayed draw proceeds. Weather crushed visitation.
8-K
Refinanced $1.275B term facility
Vail Resorts amended its credit agreement on February 9, 2026, replacing $885.9M term loans and $275M delayed draw facility with a $1.275B senior term loan while extending revolver and term maturities to the earlier of five years or 90 days before its 5.625% notes due 2030 mature. Interest rates dropped via a revised leverage-based grid and elimination of the 0.10% spread adjustment. Lenders refinanced existing debt on improved terms.
8-K
Ski visits down 20%; EBITDA guidance cut
Vail Resorts reported brutal early-season metrics through January 4, 2026: skier visits plunged 20.0%, lift revenue dipped 1.8%, ski school fell 14.9%, dining dropped 15.9%, and retail/rentals eased 6.0% versus prior year. Western U.S. snowfalls hit 30-year lows, opening just 11% of Rockies terrain in December—east provided offset. Full-year Resort Reported EBITDA now eyes just below guidance low end, assuming Rockies normalize by President's weekend. Weather remains the wildcard.
8-K
Annual meeting results
IPO
Website
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