Vail Resorts Q2 net income falls to $210M; cuts FY2026 guidance on historic Rockies drought

VAIL RESORTS INC

2026-Q2 EPS reported $0.65 revenue$1,354,961,000

Q2 net income $210.0M vs $244.4M YoY; Resort EBITDA $421.3M vs $459.7M.
FY2026 guidance cut: net income $144M-$190M, Resort EBITDA $745M-$775M; cites historic Rockies drought.
Season-to-date skier visits down 11.9%; lift revenue down 3.6% despite 3% pass sales growth.
Quarterly dividend $2.22/share payable Apr 9, record Mar 26; FYTD share repurchases $45M at ~$139/share.
CEO: most challenging Rockies winter in >30 yrs with lowest snowfall; cost management partially offset.

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