Overview

• Ski resort operator's fiscal Q2 net income fell yr/yr due to challenging weather conditions

• Adjusted EPS for fiscal Q2 missed analyst expectations

• Company reduced fiscal 2026 guidance due to adverse weather impacts

Outlook

• Vail Resorts lowers fiscal 2026 net income guidance to $144 mln-$190 mln

• Company expects fiscal 2026 Resort Reported EBITDA of $745 mln-$775 mln

• Vail Resorts cites challenging weather in Rockies for guidance revision

Result Drivers

• WEATHER IMPACT - Historically low snowfall and warmer temperatures in the Rockies led to reduced terrain and visitation, impacting revenue

• PASS SALES - Despite a 13% drop in visitation, lift revenue declined only 2.9% due to a 3% increase in North American pass sales revenue

• COST MANAGEMENT - Declines in Resort Reported EBITDA were partially offset by disciplined cost management and resource efficiency savings

Company press release: ID:nPnzSFXLa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and 1 "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 $167.00, about 20.4% above its March 6 closing price of $138.76

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)