The earnings call reflects a mix of positive financial growth and strategic progress, such as EBITDA growth and liquidity position. However, challenges like the decline in visitation and specific issues like the Park City strike present areas of concern. The company remains optimistic about future improvements and strategic plans, despite current operational challenges.

Company Guidance

During the Vail Resorts Fiscal Second Quarter 2025 Earnings Conference Call, the company reported an 8% growth in resort reported EBITDA compared to the previous year, reaching $459.7 million for the quarter. This figure included $2.9 million in one-time costs related to the Resource Efficiency Transformation Plan and $0.1 million in acquisition and integration-related expenses. Net income attributable to Vail Resorts increased to $245.5 million, or $6.56 per diluted share, from $219.3 million, or $5.76 per diluted share, in the previous year. Season-to-date, total skier visits declined by 2.5% compared to the same period in fiscal 2024, while total lift ticket revenue grew by 4.1%. Ancillary revenue saw mixed results, with ski school and dining revenue up 3% and 3.1%, respectively, and combined retail and rental revenue down 2.9%. The company maintained its fiscal 2025 resort reported EBITDA guidance midpoint, excluding a $7 million negative impact from foreign currency changes, and expects net income for the full fiscal year to range between $257 million and $309 million. Additionally, Vail Resorts announced a quarterly cash dividend of $2.22 per share.

EBITDA Growth

Resort reported EBITDA increased by 8% compared to the prior year, indicating strong execution by teams across all Mountain Resorts.

Net Income Increase

Net income attributable to Vail Resorts was $245.5 million, or $6.56 per diluted share, compared to $219.3 million, or $5.76 per diluted share, in the same period in the prior year.

Resource Efficiency Transformation Plan on Track

Vail Resorts is on track to achieve its two-year Resource Efficiency Transformation Plan, aiming for $100 million in annualized cost efficiencies by the end of fiscal 2026.

Strong Liquidity Position

As of January 31, 2025, the company's total liquidity was approximately $1.7 billion, including $488 million of cash on hand.

Dividend and Share Repurchases

Declared a quarterly cash dividend of $2.22 per share and repurchased approximately 0.1 million shares for $20 million.

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Vail Resorts (MTN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MTN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jun 05, 2025	2025 (Q3)	10.19 / -	9.54	―	―	―
Mar 10, 2025	2025 (Q2)	6.43 / 6.56	5.76	13.89% (+0.80)	―
Dec 09, 2024	2025 (Q1)	-5.00 / -4.61	-4.6	-0.22% (-0.01)	―
Sep 26, 2024	2024 (Q4)	-4.23 / -4.67	-3.35	-39.40% (-1.32)	―
Jun 06, 2024	2024 (Q3)	10.00 / 9.54	8.18	16.63% (+1.36)	―
Mar 11, 2024	2024 (Q2)	6.04 / 5.76	5.16	11.63% (+0.60)	―
Dec 07, 2023	2024 (Q1)	-4.59 / -4.60	-3.4	-35.29% (-1.20)	―
Sep 28, 2023	2023 (Q4)	-3.28 / -3.35	-2.7	-24.07% (-0.65)	―
Jun 08, 2023	2023 (Q3)	8.68 / 8.18	9.16	-10.70% (-0.98)	―
Mar 09, 2023	2023 (Q2)	6.11 / 5.16	5.47	-5.67% (-0.31)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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MTN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 10, 2025	$151.50	$163.18	+7.71%
Dec 09, 2024	$185.91	$190.56	+2.50%
Sep 26, 2024	$180.91	$173.85	-3.90%
Jun 06, 2024	$184.41	$165.38	-10.32%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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