Luxury ski resort company Vail Resorts (NYSE:MTN) met Wall Street’s revenue expectations in Q2 CY2024, but sales fell 1.6% year on year to $265.4 million. Its GAAP loss of $4.67 per share was 10.2% below analysts’ consensus estimates.
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Vail Resorts (MTN) Q2 CY2024 Highlights:
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Revenue: $265.4 million vs analyst estimates of $264.9 million (in line)
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EPS: -$4.67 vs analyst expectations of -$4.24 (10.2% miss)
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EBITDA guidance for the upcoming financial year 2025 is $858 million at the midpoint, below analyst estimates of $880.3 million
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Gross Margin (GAAP): -7.2%, down from 16.4% in the same quarter last year
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EBITDA Margin: -43.7%, down from -32.6% in the same quarter last year
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Skier Visits: 699,000, down 168,000 year on year
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Market Capitalization: $6.88 billion
Commenting on the Company’s fiscal 2024 results,…
