Vail Resorts Q2 net income down 6.6%, lowers FY2023 guidance; raises dividend 8%

VAIL RESORTS INC

2023-Q2 EPS reported $1.77 revenue$1,381,165,000

Net income attributable to Vail Resorts was $208.7M ($5.16 diluted EPS) vs $223.4M ($5.47) prior year, down 6.6%.
Resort Reported EBITDA decreased 0.8% to $394.8M; total resort revenue increased 20.7% to $1,094M.
FY2023 guidance lowered: Resort EBITDA now $831M-$859M, net income $282M-$328M; Eastern U.S. and Tahoe weather cited.
Quarterly dividend raised 8% to $2.06/share, payable April 11, 2023; share repurchase authorization expanded by 2.5M shares.
Season-to-date skier visits up 3.6%, but Eastern U.S. lost >25% of planned operating days due to weather disruption.

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 0.95

VAIL RESORTS INC reported second quarter of fiscal 2023 ended January 31, 2023 results: net income Net income attributable to Vail Resorts, Inc. was $208.7 million.

Period: second quarter of fiscal 2023 ended January 31, 2023
Net income: Net income attributable to Vail Resorts, Inc. was $208.7 million
Result: reported results

Exact text from the filing

Vail Resorts, Inc. (NYSE: MTN) today reported results for the second quarter of fiscal 2023 ended January 31, 2023 and provided the Company’s ski season-to-date metrics through March 5, 2023.

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Source: SEC EDGAR

accession 0000812011-23-000016

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