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Vail Resorts reports Q3 earnings beat, but lowers fiscal 2025 outlook due to lower visitation.
Vail Resorts reported a 1% increase in Q3 net revenues to $1.3 billion, slightly below expectations, but earnings per share of $10.54 surpassed forecasts.
Despite a 5.5% rise in pass product revenue, non-pass visitation at North American resorts declined, reducing effective ticket prices by 6.6%.
The company revised its fiscal 2025 guidance, now projecting net income between $264 million and $298 million, and EBITDA between $831 million and $851 million, due to lower spring lift ticket visitation and a CEO transition.
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Vail Resorts informa ganancias del tercer trimestre, pero reduce las perspectivas para el año fiscal 2025 debido a una menor visitación.