By Connor Hart

Vail Resorts once again cut its outlook for the year, citing historically challenging weather conditions across the western U.S. that have continually dampened demand.

The ski-resort operator said Monday it now expects net income of $128 million to $162 million for its current fiscal year, down from a prior forecast of $144 million to $190 million. Analysts polled by FactSet expected net income of $165.8 million.

Chief Executive Rob Katz said weather conditions remained extremely unfavorable during the recent quarter, weighing on visits and revenue, particularly at Vail's resorts in the Rockies.

Shares fell 4.7%, to $130.80, in post-market trading.

Vail's advance-commitment model, which offers lower prices to encourage people to buy its flagship pass ahead of the coming ski season, helped offset the weather effects, Katz said.

"Despite the weather challenges of the past year, our strategic focus remains unchanged, and we are pleased with the progress we made this year," he said, noting the company will continue investing in talent, technology and operations to enhance the guest experience.

For its three months ended April 30, total skier visits fell nearly 16%. Total net revenue fell 7%, to $1.21 billion, hurt by lower lift-ticket and ski-school sales, as well as declines across dining and revenue. Analysts were looking for revenue of $1.2 billion.

"We have key initiatives underway in our gear, ski school and dining businesses, as well as every facet of guest engagement and communication," Katz said.

For its fiscal third quarter, Vail posted net income of $314.4 million, down from $389.7 million a year earlier. Quarterly earnings of $8.81 a share missed Wall Street expectations for $8.95 a share.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

June 08, 2026 16:38 ET (20:38 GMT)

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