---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-26-000024"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:44:07.646243+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 skier visits down 14.9%; EBITDA guided to low end of range

## Summary
- Season-to-date total skier visits down 14.9% vs prior year; lift revenue down 5.6%.
- Ski school revenue -12.0%, dining -11.7%, retail/rental -6.6% (North America).
- CEO cites record low snowfall and warm temps; Resort EBITDA expected at low end of FY2026 guidance.
- Spring pass sales for 2026/27 show moderate decline in units and slight decline in dollars.
- Full pass sales update expected with Q3 results in June 2026.

## SEC filing metadata
- accession: 0000812011-26-000024
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2026-04-23T23:59:59+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/812011/000081201126000024/0000812011-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201126000024/mtn-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-26-000024
- JSON: https://secwatch.observer/filing/0000812011-26-000024.json
- Plain text: https://secwatch.observer/filing/0000812011-26-000024.txt

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