Vail Resorts reports skier visits down 16.2% YoY; lowers fiscal 2024 EBITDA guidance to lower half of range

VAIL RESORTS INC

Season-to-date total skier visits down 16.2% vs prior year period.
Lift ticket revenue (incl. allocated season pass) up 2.6% despite visitation decline.
Ski school revenue +5.0%; dining -5.8%; retail/rental -13.3%.
CEO cites challenging conditions; now expects fiscal 2024 Resort EBITDA in lower half of guidance range.
Prior guidance range was issued Sept 28, 2023; revised outlook assumes improved conditions.

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