Vail Resorts Q1 net loss widens to $186.8M; pass units -2%; reaffirms FY2026 guidance

VAIL RESORTS INC

2026-Q1 EPS reported -$5.20 revenue$271,029,000

Q1 net loss $186.8M vs $173.3M prior year; Resort EBITDA loss $139.7M flat.
North American pass sales through Dec 5: units -2%, dollars +3% vs prior year; ~2.3M guests committed.
Reaffirmed FY2026 guidance: net income $201-276M, Resort EBITDA $842-898M.
Declared $2.22 quarterly dividend payable Jan 12, 2026; repurchased $25M in Nov at ~$140/share.
Calendar 2026 capital plan $234-239M, including core capital $215-220M.

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