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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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.
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