secwatch.observer — SEC 8-K summary
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Issuer:     VAIL RESORTS INC (MTN)
CIK:        0000812011
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0000812011-24-000039
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812011/000081201124000039/0000812011-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812011/000081201124000039/mtn-20240419.htm
  HTML page:      https://secwatch.observer/filing/0000812011-24-000039

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