Vail Resorts Now Expects FY24 Net Income $270M-$325M; EBITDA Of $849M-$885M
Portfolio Pulse from Benzinga Newsdesk
Vail Resorts has revised its fiscal 2024 guidance downwards due to season-to-date underperformance, now expecting net income between $270M-$325M and Resort Reported EBITDA between $849M-$885M. The company attributes the revised outlook to improved conditions and booking trends, and the financial stability provided by advance commitment products. The guidance includes $4M in acquisition-related expenses for Crans-Montana but excludes costs related to its acquisition and integration. The outlook assumes current economic conditions, normal weather for the remaining ski seasons, and specific exchange rates for operations in Canada, Australia, and Switzerland.
March 11, 2024 | 8:08 pm
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Vail Resorts has lowered its fiscal 2024 net income and EBITDA guidance due to season-to-date underperformance, with expectations now set for net income between $270M-$325M and EBITDA between $849M-$885M.
The downward revision in Vail Resorts' fiscal 2024 guidance is likely to negatively impact investor sentiment in the short term, as it reflects underperformance in the current season. The company's reliance on improved conditions and booking trends to mitigate this underperformance may not fully reassure investors, leading to potential downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100