Vail Resorts, Inc. - MTN STOCK NEWS

Vail Resorts, Inc. (NYSE: MTN) will announce its fiscal Q2 2023 financial results on March 9, 2023, after market close. The results will cover the period ending January 31, 2023. Following the announcement, a conference call is scheduled for 5:00 PM ET, where executives will discuss the financial metrics. The call will be available for listeners through the Vail Resorts website and via telephone. A replay will be accessible two hours after the call concludes, lasting until 8:00 PM ET on March 16, 2023. For further details, visit the Investor Relations section of their website.

Vail Resorts (NYSE: MTN) reported significant growth in ski season metrics for the period ending January 8, 2023. Total skier visits increased by 12.5%, and lift ticket revenue rose by 5.3% compared to the previous year. Notably, ski school revenue grew by 35.6%, and dining revenue surged by 58.0%. Despite this positive trend, CEO Kirsten Lynch noted that destination guest visitation at western U.S. resorts fell below expectations due to extreme weather and airline disruptions. As a result, the company anticipates Resort Reported EBITDA for FY 2023 to fall in the lower half of its previously issued guidance.

Vail Mountain celebrates its 60th Anniversary with the launch of Gray Malin in Vail, a new fine art photography series by renowned photographer Gray Malin. This series revives the enchanting alpine lifestyle of the 1960s, showcasing nostalgic moments through a modern vintage aesthetic. Drawing from the mountain's archives, it includes interactive experiences and displays across the resort. Notable attractions include an on-mountain gallery at Bistro 14, two new Ice Bars, and a unique postcard experience named Vail Mail. The collection is available to the public and aims to enhance guest engagement with the classic spirit of Vail.

Vail Resorts, Inc. (NYSE: MTN) announces a conference call on December 9, 2022, at 8:30 a.m. ET to discuss financial results for its fiscal Q1 2023, which ended October 31, 2022. The previous earnings call was disrupted due to a significant technical outage from the conference call vendor. Investors can tune in via the company’s website or by telephone, with specific dial-in details provided. The conference ID for phone participants is MTNQ123.

Vail Resorts (NYSE: MTN) reported a net loss of $137 million for Q1 FY2023, a slight improvement over $139.3 million last year. Resort Reported EBITDA loss was $96.5 million, up from $108.4 million in Q1 FY2022, attributed to recovery from COVID-19. Pass sales increased by 6% in both units and sales dollars compared to the previous year, and by 86% in units since the 2019/2020 season. The company reaffirmed fiscal 2023 net income guidance of $321-$396 million and announced a quarterly dividend of $1.91 per share, payable January 2023.

Vail Resorts, Inc. (NYSE: MTN) has appointed Angela Korch as Executive Vice President and Chief Financial Officer, effective Dec. 22, 2022. Korch rejoins the company after serving as CFO at CorePower Yoga, bringing over a decade of experience in Vail’s finance roles. Her prior accomplishments include managing financial strategies during a period of rapid expansion and integration of 32 mountain resorts. She replaces Michael Barkin, who is resigning to pursue personal opportunities, with his last day scheduled for Jan. 1, 2023.

Vail Resorts, Inc. (NYSE: MTN) announced financial results for its fiscal first quarter 2023, ending October 31, 2022, will be released after market close on December 8, 2022. A conference call will follow at 5:00 p.m. ET the same day, where executives will discuss the results. Interested parties can listen via the company's website or by dialing in. A replay will be accessible shortly after the call, lasting until December 22, 2022. Vail Resorts operates premier ski resorts and is committed to sustainability and community engagement, striving for a zero net operating footprint by 2030.

Vail Resorts, based in Broomfield, Colorado, recently released its fifth annual Progress Report, detailing advancements towards achieving a zero net operating footprint by 2030. Key highlights include achieving 100% renewable electricity at North American resorts and 96% globally, donating $22.9 million to local organizations, and providing $1.3 million in emergency relief. The company aims to enhance community support and ensure equitable access to skiing. Vail Resorts continues significant investment in sustainability, highlighting its commitment to climate action alongside its operational goals.