Vail Resorts Says "Due To The Season-To-Date Underperformance, We Are Lowering Our Guidance For Fiscal 2024. For The Remainder Of The Season, We Are Expecting Improved Performance Compared To The Season-to-date Period, Including An Expected Shift In Visitation Patterns Into March And April"
Portfolio Pulse from Benzinga Newsdesk
Vail Resorts has announced a reduction in their fiscal 2024 guidance due to underperformance in the current season. However, they anticipate improved performance for the remainder of the season, with an expected shift in visitation patterns into March and April.
March 11, 2024 | 8:07 pm
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Vail Resorts has lowered its fiscal 2024 guidance due to underperformance but expects an improvement in the remaining season.
The announcement of lowered guidance for fiscal 2024 due to underperformance is likely to negatively impact investor sentiment and the stock price of Vail Resorts in the short term. However, the company's expectation of improved performance in the latter part of the season could mitigate some of the negative impact. The immediate reaction to the guidance revision is likely to be negative, but future performance updates will be crucial for the stock's trajectory.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100