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) operates premier mountain resorts across North America, Australia, and Europe, offering year-round recreational experiences and luxury accommodations. This page provides investors and stakeholders with a centralized source for all official company announcements, financial updates, and industry developments.
Key resources include: Quarterly earnings reports, strategic partnership announcements, operational updates across 41 resorts, and innovations like the Epic Pass program. Track acquisitions, sustainability initiatives, and leadership changes impacting the ski industry leader.
Regular updates cover: Mountain operations expansions, lodging portfolio developments, real estate projects, and technology investments enhancing guest experiences. Content is curated for relevance to long-term investors and sector analysts monitoring tourism trends.
Bookmark this page for real-time access to MTN's verified financial communications and market-moving updates. Combine these resources with Stock Titan's analysis tools for comprehensive investment research.
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.
Vail Resorts (NYSE: MTN) has appointed Kenny Thompson, Jr. as its first Chief Public Affairs Officer. This role, effective Dec. 5, 2022, will see Thompson oversee government relations, community relations, communications, sustainability, and the EpicPromise social responsibility platform. With over two decades of public affairs experience, including roles in the Obama White House and PepsiCo, Thompson aims to enhance corporate-community partnerships. CEO Kirsten Lynch praised his values and expertise in social impact.
Vail Resorts and Telluride Ski & Golf announced a multi-year extension of their partnership, enhancing access for Epic Pass holders. The Epic Pass ($879) and Epic Adaptive Pass ($421) will offer seven days at Telluride with no blackout dates, and discounts on further lift tickets. Additionally, Epic 4-7 Day Passes will provide access to Telluride with a 20% discount on additional tickets thereafter. This partnership, which began in 2018, reinforces Telluride's position in Vail's extensive resort network, benefiting both local and destination skiers.
Vail Resorts has announced a new technology for the 2023/24 North American ski season, allowing guests to store lift tickets and passes on their phones using Bluetooth® Low Energy. This innovation aims to enhance the guest experience by eliminating the need to carry plastic cards or visit ticket windows. The company expects to test this feature in the 2022/23 season, supporting its sustainability efforts by reducing plastic waste. Guests preferring physical cards will still have that option available.
