tiprankstipranks
Vail Resorts Announces Savings Plan and Shareholder Value Measures
Company Announcements

Vail Resorts Announces Savings Plan and Shareholder Value Measures

Don't Miss our Black Friday Offers:

Vail Resorts ( (MTN) ) just unveiled an update.

Vail Resorts, Inc. has unveiled a two-year plan to enhance resource efficiency and achieve $100 million in annual savings by fiscal 2026, with $27 million anticipated in 2025. Despite a 9.5% drop in skier visitation and variable weather, the company’s stable advanced commitment strategy kept EBITDA consistent, excluding Crans-Montana acquisition impacts. Fiscal 2024 net income was $230.4 million, down from $268.1 million the previous year. Vail Resorts anticipates a fiscal 2025 net income of $224-$300 million and has declared a dividend, alongside a share repurchase program to bolster shareholder value.

For a thorough assessment of MTN stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyVail Resorts initiated with a Neutral at UBS
Gilan Miller-GertzEx-Dividend Date Nearing for These 10 Stocks – Week of October 7, 2024
Casey Dylan, CIMAVail Resorts (MTN) Mounts Strategic Response to the Slippery Slopes of Climate Change
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App