Vail Resorts shares are trading lower today after the company provided a late-season update saying the season-to-date total skier visits were down 7.8% YoY and expects to finish the year at the low end of EBITDA guidance range.
Portfolio Pulse from Benzinga Newsdesk
Vail Resorts' shares dropped following a late-season update indicating a 7.8% decrease in skier visits year-over-year, with expectations to finish at the low end of the EBITDA guidance range.
April 19, 2024 | 3:00 pm
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NEGATIVE IMPACT
Vail Resorts' shares declined after announcing a 7.8% decrease in skier visits YoY and projections to meet the lower end of EBITDA guidance.
The decrease in skier visits directly impacts Vail Resorts' revenue, leading to a negative outlook on the company's financial performance. This update likely causes investor concern about the company's profitability, thus driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100