Vail Resorts Updates Guidance Sees FY24 Net Income Of $224M-$256M
Portfolio Pulse from Benzinga Newsdesk
Vail Resorts has updated its guidance for fiscal year 2024, projecting net income between $224 million and $256 million. The company expects Resort Reported EBITDA to be between $825 million and $843 million, including a negative contribution from the Crans-Montana acquisition. The guidance assumes stable economic conditions and normal weather patterns.
June 06, 2024 | 8:17 pm
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Vail Resorts has updated its fiscal year 2024 guidance, projecting net income between $224 million and $256 million, and Resort Reported EBITDA between $825 million and $843 million. The Crans-Montana acquisition is expected to negatively impact EBITDA by $12 million.
The updated guidance provides a clear financial outlook for Vail Resorts, including the negative impact of the Crans-Montana acquisition. While the overall guidance is positive, the negative contribution from Crans-Montana may offset some of the gains, leading to a neutral short-term impact on the stock price.
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