---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-26-000002"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2026-01-15T23:59:59+00:00"
generated_at: "2026-05-16T10:18:06.380288+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts reports ski visits down 20% YoY; full-year EBITDA guidance cut to below low end

## Summary
- Season-to-date skier visits down 20.0% YoY; lift revenue down 1.8%.
- Ski school revenue down 14.9%, dining down 15.9%, retail/rental down 6.0%.
- CEO: western U.S. snowfall ~50% below 30-year avg; Rockies terrain only 11% open in Dec.
- Full-year Resort Reported EBITDA now expected just below low end of prior guidance range (issued Sep 29, 2025).
- Further downside risk if Rockies conditions don't improve by President's weekend.

## SEC filing metadata
- accession: 0000812011-26-000002
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2026-01-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201126000002/0000812011-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201126000002/mtn-20260115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-26-000002
- JSON: https://secwatch.observer/filing/0000812011-26-000002.json
- Plain text: https://secwatch.observer/filing/0000812011-26-000002.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.