Corrected: Vail Resorts Q4 net income falls on poor weather

Vail Resorts

28/09/2026 21:22

Corrrects estimate figures in KD table, no changes to text

Overview
US ski resort operator's Q4 net loss fell due to poor weather conditions
Company reported a Q4 Loss Per Share of $5.34 compared to $4.99 last year
Company expects fiscal 2027 EBITDA to recover, but guidance reflects lower pass demand and inflation

Outlook
Vail Resorts sees fiscal 2027 net income of $158 mln to $233 mln
Company expects fiscal 2027 Resort Reported EBITDA of $805 mln to $865 mln, including $14 mln one-time costs
Vail Resorts expects $25 mln in incremental efficiencies from its resource efficiency plan in fiscal 2027

Result Drivers
WEATHER IMPACT - Co said historic low snowfall and snowpack in the Rockies and Australia led to reduced visitation and revenue
COST DISCIPLINE - Co said disciplined cost management and resource efficiency transformation plan delivered $45 mln in savings
PASS SALES MIX - Co said unlimited pass products outperformed lower-frequency offerings, with declines concentrated among destination frequency passes

Company press release: ID:nPn6flWWja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Loss attributable to Vail Resorts, Inc.
 
$190.15 mln
 
Q4 Income from Operations
Miss
-$208.81 mln
-$205.64 mln (11 Analysts)
Q4 Resort Net Revenue  
 

            $272.08 mln 
 

            Q4 Loss Per Share
          
Miss

            $5.34
          
$5.27 (12 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and 2 "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 $140.00, about 2.9% above its September 25 closing price of $136.11
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
Sept 28 - Hurricane Polo threatens Mexico’s Pacific coast, landfall expected Monday

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.)