Vail Resorts Misses Q4 Estimates Due to Weather Impact on Results

BROOMFIELD, Colorado – Vail Resorts announced its fourth-quarter results, falling short of analysts’ expectations due to adverse weather conditions affecting attendance at its mountain resorts. Following the announcement, shares saw a slight dip.

For the quarter ending July 31, the ski resort operator reported a loss of $4.67 per share, which was greater than the anticipated loss of $4.22. Revenue totaled $265.4 million, slightly below the expected $266.9 million.

The company attributed a 19.4% decline in skier visits compared to the previous year to unfavorable weather conditions at its Australian resorts, where snowfall decreased by 28% from last year and was 44% below the 10-year average.

"Fourth-quarter Resort Reported EBITDA declined from the prior year and expectations, primarily driven by underperformance in our Australian winter business," stated CEO Kirsten Lynch.

For the entire fiscal year of 2024, Vail reported a net income of $230.4 million, down from $268.1 million in fiscal 2023. Resort Reported EBITDA was $825.1 million, compared to $834.8 million the previous year.

Looking forward, Vail projects a fiscal 2025 net income between $224 million and $300 million, with Resort Reported EBITDA estimated at $838 million to $894 million. This outlook assumes a return to typical weather patterns following the challenging conditions experienced in fiscal 2024.

Additionally, the company announced a multi-year transformation plan focusing on resource efficiency, aiming to enhance organizational effectiveness while expanding globally. Vail anticipates achieving $100 million in annual savings by the end of fiscal 2026.

Vail also declared a quarterly dividend of $2.22 per share, which will be payable on October 24 to shareholders on record as of October 8.