Vail Resorts shares have risen 9.1% since its last earnings report, outperforming the S&P 500. The company reported fiscal third-quarter adjusted earnings of $8.81 per share, missing the Zacks Consensus Estimate of $8.97, while revenue of $1.21 billion met expectations and declined 7% year over year. Results were pressured by record-low snowfall and warm temperatures that reduced visitation by 15%, with Mountain segment revenue down 6.8% to $1.13 billion and Lodging revenue down 9.1% to $75.3 million. Management lowered its full-year outlook, now expecting net income of $128 million to $162 million and Resort Reported EBITDA of $735 million to $755 million, and noted early pass sales for the 2026/2027 season are down about 10% in units. The company maintained liquidity with $1.1 billion in total cash and revolver availability and declared a quarterly dividend of $2.22 per share.
Vail Resorts IncRecord-low snowfall and warm temperatures reduced visitation by 15%, and early pass sales for 2026/2027 are down 10%.