Stable Financial Performance Amidst Challenges
Vail Resorts generated $844 million in resort reported EBITDA for fiscal 2025, marking a 2% growth compared to the previous year despite a 3% decline in skier visits across North American resorts.
Resource Efficiency Transformation Plan Success
The company expects to exceed $100 million in annualized cost efficiencies by the end of fiscal 2026, with $38 million of incremental efficiencies contributing to expected growth in fiscal 2026.
Strategic Capital Investments
Vail Resorts announced a significant capital commitment, including a $198 million to $203 million core capital investment, with additional projects planned for fiscal 2026 to enhance guest experiences at major resorts like Park City and Vail Mountain.
Epic Pass Growth Since 2021
Despite recent declines, pass units are expected to be up over 50% in fiscal 2026 compared to fiscal 2021, and Epic and Epic Local Pass products are projected to be up approximately 20% since the 2020/2021 season.