Vail Resorts Says Season-To-Date Total Skier Visits Were Down 7.8% YoY; Says Expects To Finish Year At Or Around Low End Of Resort Reported EBITDA Guidance Range Issued On March 11, 2024
Portfolio Pulse from Benzinga Newsdesk
Vail Resorts reported a 7.8% decrease in season-to-date total skier visits compared to last year. The company anticipates finishing the year at or around the low end of its resort reported EBITDA guidance range, which was previously issued on March 11, 2024.
April 19, 2024 | 12:08 pm
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Vail Resorts experienced a 7.8% decrease in skier visits year-over-year, indicating potential revenue challenges. The company also expects to meet the lower end of its EBITDA guidance for the year.
The decrease in skier visits directly impacts Vail Resorts' revenue, as fewer visits translate to lower income from ticket sales, rentals, and on-site spending. Expecting to finish at the low end of EBITDA guidance suggests that the company is facing financial pressures, potentially due to the reduced visits or other operational challenges. This news is likely to concern investors, as it indicates a downturn in the company's core business performance.
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