Vail Resorts updates guidance to low end of EBITDA range; skier visits down 7.8%

VAIL RESORTS INC

Season-to-date total skier visits down 7.8% vs prior year.
Lift ticket revenue (incl. allocated pass revenue) up 3.2%; ski school +7.0%, dining +2.4%, retail/rental -7.1%.
Now expects fiscal 2024 Resort Reported EBITDA at or near low end of guidance issued March 11, 2024, driven by Whistler Blackcomb.
Spring pass sales: modest decline in units but growth in sales dollars through April deadline.
CEO cites unfavorable conditions across North American resorts for large portion of season.

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