Vail Resorts Q1 net loss narrows to $137M; season pass sales up 6%; reaffirms FY2023 EBITDA guidance

VAIL RESORTS INC

2023-Q1 EPS reported -$3.40 revenue$279,447,000

Net loss $137.0M ($3.40 loss per diluted share) vs $139.3M loss ($3.44) in prior year; Resort EBITDA loss improved to $96.5M from $108.4M.
Mountain segment revenue rose 84.6% to $201.7M driven by record Australian visitation; total revenue $279.4M, up 59.2% YoY.
Season pass sales through Dec 5 up ~6% in units and sales dollars vs prior year; up ~86% and ~53% vs 2019/2020 season.
Reaffirmed FY2023 net income guidance $321M-$396M and Resort EBITDA $893M-$947M; declared $1.91 quarterly dividend payable Jan 10, 2023.
Net debt 2.0x trailing total EBITDA; liquidity ~$1.8B in cash and revolver availability as of Oct 31, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VAIL RESORTS INC reported first quarter of fiscal 2023 ended October 31, 2022 results: net income Net loss attributable to Vail Resorts, Inc. was $137.0 million. Guidance reaffirmed.

Period: first quarter of fiscal 2023 ended October 31, 2022
Net income: Net loss attributable to Vail Resorts, Inc. was $137.0 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On December 8, 2022, Vail Resorts, Inc. issued a press release announcing its results for the three months ended October 31, 2022.

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Source: SEC EDGAR

accession 0000812011-22-000050

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