Vail Resorts misses Q2 profit estimates, cuts 2026 net income guidance due to challenging weather

Vail Resorts

09/03/2026 20:18

Overview

Ski resort operator's fiscal Q2 net income fell yr/yr due to challenging weather conditions

Adjusted EPS for fiscal Q2 missed analyst expectations

Company reduced fiscal 2026 guidance due to adverse weather impacts

Outlook

Vail Resorts lowers fiscal 2026 net income guidance to $144 mln-$190 mln

Company expects fiscal 2026 Resort Reported EBITDA of $745 mln-$775 mln

Vail Resorts cites challenging weather in Rockies for guidance revision

Result Drivers

WEATHER IMPACT - Historically low snowfall and warmer temperatures in the Rockies led to reduced terrain and visitation, impacting revenue

PASS SALES - Despite a 13% drop in visitation, lift revenue declined only 2.9% due to a 3% increase in North American pass sales revenue

COST MANAGEMENT - Declines in Resort Reported EBITDA were partially offset by disciplined cost management and resource efficiency savings

Company press release: ID:nPnzSFXLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Resort Net Revenue
$1.08 bln
Q2 EPS
Miss
$5.87
$6.09 (9 Analysts)
Q2 Net Income
$225.85 mln
Q2 Income from Operations
Miss
$345.05 mln
$362.81 mln (8 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and 1 "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 $167.00, about 20.4% above its March 6 closing price of $138.76

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

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.)