Vail Resorts reports wider Q1 net loss of $175.5M, announces Crans-Montana acquisition

VAIL RESORTS INC

2024-Q1 EPS reported -$4.60 revenue$258,565,000

Net loss $175.5M ($4.60 per diluted share) vs $137.0M loss ($3.40) in prior year.
Mountain segment net revenue down 14.5% to $172.5M; Mountain EBITDA loss $139.5M (wider by $47.4M).
Season pass sales through Dec 4: units +4%, sales dollars +11% YoY; expects ~2.4M guests generating >$900M revenue.
Declared $2.06 quarterly dividend payable Jan 9, 2024 to holders of record Dec 26; repurchased 0.2M shares for $50M.
Agreement to acquire Crans-Montana in Switzerland for ~CHF 118.5M; expected close during 2023/2024 season; FY2025 EBITDA ~CHF 5M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VAIL RESORTS INC reported the first quarter of fiscal 2024 ended October 31, 2023 results: net income Net loss attributable to Vail Resorts, Inc. was $175.5 million. Guidance reaffirmed.

Period: the first quarter of fiscal 2024 ended October 31, 2023
Net income: Net loss attributable to Vail Resorts, Inc. was $175.5 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2024 ended October 31, 2023

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Source: SEC EDGAR

accession 0000812011-23-000061

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