US EditionVail Resorts Cuts Profit Forecast as Warm Winter Lingers in the Rockies
Vail Resorts cut fiscal 2026 net income forecast to $144-$190 million after skier visits fell 11.9% due to over 40% less snowfall in key Rocky Mountain resorts, officials said.
- On March 9, 2026, the company reported reducing fiscal 2026 guidance to $144 million–$190 million due to the most challenging winter across the Rockies, impacting results.
- Record-Low snowpack and warm temperatures delayed terrain openings, leaving only 70%–80% of acres open at Colorado and Utah resorts, including Vail's Back Bowls and Breckenridge's Imperial lift.
- Season-to-Date skier visits declined about 14%, while lift revenue decreased only 3.6%, according to CFO Angela Korch, with revenue impacts varying across channels.
- At the guidance midpoint, the company expects a Resort EBITDA margin of 26.4%, holds approximately $1.1 billion in total liquidity, and declared a quarterly dividend of $2.22 per share payable April 9, 2026.
- Management highlighted its financing moves such as a $1,275.0 million senior term loan facility in the Tenth A&R Credit Agreement, while targeting Gen Z with discounted Epic Pass pricing.
17 Articles
17 Articles
Low snow year cuts Vail Resorts profit, forces lower outlook
Vail Resorts reported lower profit for its second fiscal quarter Monday and reduced its expectations for the rest of the fiscal year as company leaders described the most challenging winter the company has ever faced across its Rocky Mountain resorts. “This quarter and our full-year outlook reflect the challenges we faced this season, including the most difficult weather environment in the Rockies we have ever seen,” said CEO Rob Katz during Mon…
Vail Resorts Q2 Earnings Call Highlights
Vail Resorts (NYSE:MTN) reported fiscal second-quarter 2026 results that management said were heavily pressured by what it described as the most difficult weather environment the company has ever seen in the Rockies. Executives emphasized that historically low snowfall and unusually warm temperature
The Union Democrat
Vail Resorts Reports Second Quarter Fiscal 2026 Results and Provides Updated Fiscal 2026 Guidance
BROOMFIELD, Colo., March 9, 2026 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the second quarter of fiscal 2026 ended January 31, 2026 and provided the Company's ski season-to-date metrics through March 1, 2026.
Coverage Details
Bias Distribution
- 73% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
