secwatch.observer — SEC 8-K summary
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Issuer:     VAIL RESORTS INC (MTN)
CIK:        0000812011
Form:       8-K
Filed at:   2026-03-09T23:59:59+00:00
Accession:  0000812011-26-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812011/000081201126000013/0000812011-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812011/000081201126000013/mtn-20260309.htm
  HTML page:      https://secwatch.observer/filing/0000812011-26-000013

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