Key Stats for Vail Resorts Stock
- 1-Year price change for Vail Resorts stocK: -18%
- $MTN Share Price as of Mar. 10: $135
- 52-Week High: $176
- $MTN Stock Price Target: $174
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What Happened?
Vail Resorts (MTN) stock slipped 3.5% on Monday after the company reported weaker-than-expected earnings and cut its full-year guidance, blaming what management called the worst weather conditions in the Rockies it has ever seen.
The numbers tell the story.
Vail earned $5.87 per share on $1.08 billion in revenue. Analysts had expected $6.21 per share and $1.11 billion in revenue.
Both came in short. The culprit is almost entirely weather.
Snowfall in the Rockies — Vail’s most important region — was down 43% year-over-year through the quarter and roughly 40% below the previous worst season on record, which was 2012.
Colorado temperatures ran about 9 degrees above average in February alone.
Less snow means fewer skiers, and fewer skiers means less revenue from lift tickets, food, rentals, and everything else.
The Vail cut its full-year resort EBITDA guidance to a range of $745 million to $775 million, down from earlier expectations.
Net income guidance now ranges from $144 million to $190 million for the year.
Despite the miss, there were some bright spots.
- Pass sales heading into the season were up about 3%, which cushioned the blow.
- Total lift revenue only fell 3% even though skier visits dropped 13% — a sign that the company’s advanced commitment model is doing its job.
- Guest satisfaction scores also hit record highs across the system, which is remarkable given the conditions.
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What the Market Is Telling Us About Vail Resorts Stock
Vail Resorts stock is down, but investors aren’t panicking.
The market seems to understand that this is a weather story, not a business model story.
Management was clear that the demand picture looks fine — it’s just hard to ski on bare slopes.
The company kept its quarterly dividend at $2.22 per share and maintained its capital spending plans.
For next season, Vail is already making moves, launching a 20% discount for skiers aged 13 to 30 and introducing new pass products aimed at attracting younger guests to the sport.
The longer-term case for Vail Resorts stock rests on a simple idea: bad snow years are temporary, and the company’s diversified resort portfolio and loyal pass holder base make it durable enough to absorb them.
With about 75% of annual visits now pre-committed through pass products, the business has more stability than it did a decade ago.
This season was ugly. But for long-term investors, Vail Resorts stock may look more interesting once the snow returns.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
