"Vail Resorts ($MTN) likely to open tomorrow down to where if you invested 10 years ago you'd have done as well putting your money in a hole. It's time for a change to become more asset-light, sell off resorts, and allow character and differentiation to return to skiing."
"Due to the persistent, historically challenging weather conditions in the Rockies, which continued to limit terrain availability, the company is reducing its fiscal 2026 guidance. Fiscal 2026 net income projections were lowered from between $201 and $276 million to between $144 and $190 million, a drop of 28 to 32%."
Vail Resorts reported lower-than-expected Q2 earnings on March 9, with a 14.1% decline compared to the previous year due to record-low snowfall across the Rocky Mountains. The disappointing results prompted Park City billionaire Matthew Prince to publicly advocate for Vail Resorts to become more asset-light by selling off resorts like Park City Mountain Resort to him. Prince argues this change would improve guest and employee experiences while allowing character and differentiation to return to skiing. Vail Resorts CEO Rob Katz guided lower for the full fiscal year, reducing net income projections from $201-$276 million to $144-$190 million and EBITDA forecasts from $842-$898 million to lower levels, citing persistent challenging weather conditions limiting terrain availability.
Read at SnowBrains
Unable to calculate read time
Collection
[
|
...
]