Vail Resorts' Q1 net loss widens

Overview

• Ski resort operator's fiscal Q1 net loss widens

• Resort net revenue rises 4% yr/yr, driven by Australian ski visitation

• Company reaffirms fiscal 2026 guidance and announces capital plan

Outlook

• Vail Resorts reaffirms fiscal 2026 guidance with net income of $201 mln to $276 mln

• Company plans $234 mln to $239 mln capital investments in calendar year 2026

• Resource Efficiency Transformation plan aims for $38 mln savings in fiscal 2026

Result Drivers

• AUSTRALIAN VISITATION - Improved visitation at Australian ski resorts, aided by favorable weather and the Epic Australia Day Pass, drove revenue growth

• PASS SALES DOLLARS - North American pass sales dollars rose 3% due to a 7% price increase, despite a 2% decline in units

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the leisure & recreation peer group is "buy."

• Wall Street's median 12-month price target for Vail Resorts Inc is $165.00, about 13.4% above its December 9 closing price of $145.46

• The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nCNW19JkSa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)