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Vail Resorts, Inc. - MTN STOCK NEWS

Welcome to our dedicated page for Vail Resorts news (Ticker: MTN), a resource for investors and traders seeking the latest updates and insights on Vail Resorts stock.

Vail Resorts, Inc. (NYSE: MTN) is the premier mountain resort company globally, renowned for its luxury, destination-based travel experiences at iconic locations. The company's mission is to create the experience of a lifetime for both its employees and guests by continuously investing in team development, infrastructure, and training programs. Vail Resorts operates through three main segments: Mountain, Lodging, and Real Estate.

Mountain Segment: This segment includes world-class ski resorts such as Vail Mountain, Whistler Blackcomb, Park City Mountain, Breckenridge, and Stowe. These resorts offer diverse winter and summer activities, including skiing, snowboarding, hiking, and mountain biking.

Lodging Segment: The Lodging segment encompasses a collection of elegant hotels under the RockResorts brand, vacation rentals, condominiums, and branded hotels near the company's mountain destinations. Notable properties include the Grand Teton Lodge Company in Jackson Hole, Wyoming.

Real Estate Segment: This segment focuses on owning, developing, and leasing real estate, primarily near its other properties, adding to the company's revenue streams through strategic property developments.

Recent Achievements: Vail Resorts has been named one of the world's 50 most innovative companies by Fast Company. The company has also launched significant projects like My Epic App and My Epic Gear, designed to enhance guest experiences with features such as interactive trail maps, lift line wait times, and gear rental services.

Financial Condition & Partnerships: Despite challenging conditions across its North American resorts due to lower snowfall, Vail Resorts reported an increase in Resort Reported EBITDA by 8% in the second quarter of fiscal 2024. The company's balance sheet remains strong with approximately $1.4 billion in cash and revolver availability as of January 31, 2024.

Current Projects: Vail Resorts aims to achieve a zero net operating footprint by 2030, broadening engagement in winter sports and supporting local communities. They have recently launched Epic Passes for the 2024/25 season and are committed to continuous investments in lift upgrades and innovative technologies.

For more information, visit Vail Resorts and Epic Pass.

News

Vail Resorts Reports Fiscal 2024 Second Quarter Results, Increases Quarterly Dividend, and Provides Updated Fiscal 2024 Guidance

Rhea-AI Summary
Vail Resorts, Inc. reports Q2 fiscal 2024 results with net income of $219.3 million, an increase from the prior year. Season-to-date skier visits decreased 9.7%, but lift revenue increased 2.6%. The Company updated its fiscal year 2024 guidance, expecting net income between $270 million and $325 million. The Board approved an 8% increase in the quarterly cash dividend to $2.22 per share. Despite challenging conditions, Resort Reported EBITDA increased by approximately 8% in Q2 compared to the prior year.
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Epic Passes Now On Sale for the 2024/25 Winter Season; Lock in the Lowest Price to Legendary Resorts Like Vail Mountain, Whistler Blackcomb, Park City Mountain, Breckenridge and More

Rhea-AI Summary
Vail Resorts launches 2024/25 Epic Pass with various options and benefits, including access to 42 resorts, lift upgrades, and new features like Mobile Pass and Buddy Tickets. Prices range from $93 to $982, offering savings and flexibility to skiers and riders.
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Vail Resorts Appoints Julie DeCecco as General Counsel

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Vail Resorts, Inc. (MTN) appoints Julie DeCecco as the new general counsel and executive vice president, succeeding David Shapiro. DeCecco brings extensive legal expertise and a deep understanding of the business after serving in various roles within the company. Shapiro's departure marks the end of his significant contributions during his tenure.
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Vail Resorts Announces Fiscal 2024 Second Quarter Earnings Release Date

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Vail Resorts, Inc. (NYSE: MTN) to release fiscal Q2 2024 financial results on March 11, 2024. Conference call to review results at 5:00 p.m. ET. Replay available until March 18, 2024.
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Iris Knobloch Appointed to Vail Resorts Board of Directors

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Vail Resorts, Inc. (NYSE: MTN) has appointed Iris Knobloch, president of the Cannes Film Festival, to its board of directors. This move comes as the company expands internationally, following its recent strategic European investments. Knobloch, a lawyer and business leader with extensive global experience, is set to support Vail Resorts' strategy to build an integrated network of resorts across the world.
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Katz Amsterdam Charitable Trust Donates $2.66 Million to Further Mental and Behavioral Health Access in Vail Resorts Mountain Communities

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Rob Katz, Vail Resorts executive chairperson, and his wife, Elana Amsterdam, New York Times bestselling author and founder of Elana's Pantry, have made significant contributions totaling more than $2.66 million to support mental and behavioral health programs in 12 mountain communities. Since 2016, contributions from Katz Amsterdam now total over $56 million. The Katz Amsterdam grants will further enable collaboration and innovation across 12 mountain communities in Colorado, Utah, California, Nevada, Wyoming, Vermont, Washington, and British Columbia. The grants include support for hiring bilingual mental health professionals, expanding prevention, psychiatric, job training, and sober living services for youth and adults, and general mental behavioral health support.
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Vail Resorts Achieves 100% Renewable Electricity for Second Consecutive Year & Achieves 2030 Energy-Efficiency Goal Early

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Vail Resorts, Inc. (NYSE: MTN) is ahead of schedule to meet its emissions goals and on track to reach zero waste to landfill and zero net operating impact to forests and habitat by 2030. The company is making progress in its environmental and social responsibility initiatives, achieving 100% renewable electricity, energy efficiency goals, and reducing landfill waste. Additionally, Vail Resorts has made significant contributions to community support, inclusive access, and employee foundation, showcasing its commitment to sustainability and inclusivity.
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Vail Resorts Reports Certain Ski Season Metrics for the Season-to-Date Period Ended January 7, 2024

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Vail Resorts, Inc. reported ski season metrics for North American destination mountain resorts and regional ski areas, showing a 16.2% decrease in total skier visits, a 2.6% increase in total lift ticket revenue, a 5.0% increase in ski school revenue, and a 5.8% decrease in dining revenue compared to the prior year. Despite challenging conditions, the CEO highlighted the stability provided by the season pass program and investments made in resorts and employees. The company expects Resort Reported EBITDA for fiscal 2024 to be in the lower half of the guidance range due to the impact of unfavorable conditions on guest visitation and revenue.
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Vail Resorts Reports Fiscal 2024 First Quarter and Season Pass Sales Results, and Announces 2024 Capital Plan

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Vail Resorts, Inc. (NYSE: MTN) reported a net loss of $175.5 million for Q1 of fiscal 2024, with a Resort Reported EBITDA loss of $139.8 million. Season pass sales for the 2023/2024 North American ski season increased by 4% in units and 11% in sales dollars. The company reaffirmed its fiscal year 2024 guidance and declared a $2.06 per share dividend payable in January 2024.
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Vail Resorts to Acquire Crans-Montana Mountain Resort in Switzerland, the Company's Second Ski Resort in Europe

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Vail Resorts, Inc. (NYSE: MTN) has announced the acquisition of Crans-Montana Mountain Resort in Switzerland from CPI Property Group. The acquisition includes 1,400 meters of skiable vertical terrain, 140 kilometers of trails, and ownership stakes in various resort operations. The company plans to integrate Crans-Montana into its Epic Pass products for the 2024-25 ski and ride season, enhancing its European resort network.
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FAQ

What is the current stock price of Vail Resorts (MTN)?

The current stock price of Vail Resorts (MTN) is $184.24 as of November 22, 2024.

What is the market cap of Vail Resorts (MTN)?

The market cap of Vail Resorts (MTN) is approximately 6.9B.

What does Vail Resorts, Inc. specialize in?

Vail Resorts specializes in luxury, destination-based travel at iconic mountain resort locations. They operate through three main segments: Mountain, Lodging, and Real Estate.

What are the core segments of Vail Resorts?

The core segments include Mountain (ski resorts), Lodging (hotels and condos), and Real Estate (property development and leasing).

Where can I find more information about Vail Resorts?

More information can be found on their official website at www.VailResorts.com.

What recent achievements has Vail Resorts accomplished?

Vail Resorts has been named one of the world's 50 most innovative companies by Fast Company and has launched significant projects like the My Epic App and My Epic Gear.

How is Vail Resorts performing financially?

Despite challenging conditions, Vail Resorts reported an 8% increase in Resort Reported EBITDA in the second quarter of fiscal 2024, with a strong balance sheet including approximately $1.4 billion in cash and revolver availability.

What are the current projects of Vail Resorts?

Current projects include launching Epic Passes for the 2024/25 season, lift upgrades, and investing in innovative technologies to enhance guest experiences.

What is the mission of Vail Resorts?

Vail Resorts' mission is to create the experience of a lifetime for their employees and guests by continuously investing in team development, infrastructure, and training programs.

Which resorts are included in Vail Resorts' network?

The network includes Vail Mountain, Whistler Blackcomb, Park City Mountain, Breckenridge, Stowe, and 32 additional resorts across North America, Andermatt-Sedrun in Switzerland, and several in Australia.

How does Vail Resorts support sustainability?

Vail Resorts has committed to achieving a zero net operating footprint by 2030, along with supporting employees and communities while broadening engagement in winter sports.

What are the benefits of the Epic Pass?

The Epic Pass offers unlimited, unrestricted access to the best skiing and riding around the world, including various benefits like Buddy Tickets and Ski with a Friend Tickets.

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Vail Resorts, Inc.

NYSE:MTN

MTN Rankings

#1095 Ranked by Market Cap
#581 Ranked by Dividends

MTN Stock Data

6.94B
36.08M
1.39%
103.16%
4.64%
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