Vail Resorts down after annual profit forecast cut

Vail Resorts

08/06/2026 22:06

** Shares of ski resort operator Vail Resorts MTN.N fell ~5% to $131 after the bell
** The firm cuts FY26 net income forecast as challenging weather conditions in western U.S. hurt travel
** Sees annual net income attributable to Vail Resorts of $128 million to $162 million vs. previous expectation of $144 million to $190 million
** Pass product unit sales through May 26, for upcoming 2026/2027 North American ski season, shrink about 10%
** Reports 7% decline in Q3 revenue to $1.21 billion — in line with estimates, per data compiled by LSEG
** Logs quarterly EPS of $8.81, missing average analysts' estimate of $8.96
** As of last close, MTN up 3% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))