Vail Resorts reports -3.1% skier visits; guides EBITDA to lower half of range

VAIL RESORTS INC

Season-to-date skier visits down 3.1% YoY; lift ticket revenue (incl. pass allocation) up 3.4%.
Ski school revenue +2.7%; dining +2.2%; retail/rental -4.0% vs prior-year period.
Co. expects fiscal 2025 Resort EBITDA in lower half of March 10 guidance range.
Spring pass sales: units down slightly but sales dollars grew; renewals up significantly vs prior year.
CEO cites improved conditions but lift ticket visitation below expectations; demand normalization continues.

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