Vail Resorts Stock Price, News & Analysis

Vail Resorts, Inc. (NYSE: MTN) has announced a leadership change in its Mountain Division. Effective May 1, 2023, Bill Rock, currently Executive Vice President and Chief Operating Officer, will replace James O'Donnell, who is leaving the company as of March 3, 2023. Rock has nearly three decades of experience in the ski industry and has held significant roles at Vail Resorts since joining in 2010. His successful track record includes overseeing major projects and multiple resorts. CEO Kirsten Lynch expressed confidence in Rock's capabilities. O'Donnell held his position since 2021 and was instrumental in the development of leaders within the company.

T-Mobile US (NASDAQ: TMUS) has partnered exclusively with Vail Resorts (NYSE: MTN) in a multi-year agreement to implement 5G technology across its 36 mountain resorts. This collaboration aims to enhance network coverage, improve resort operations, and achieve sustainability goals, aligning with Vail's Commitment to Zero initiative targeting a zero net operating footprint by 2030. T-Mobile's extensive 5G network, noted as the largest and fastest in the U.S., will support over 1,000 resort employees and guests. The deal is expected to elevate customer experiences while promoting innovative business solutions.

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.