Stable Revenue Despite Visitation Decline
Resort net revenue remained consistent with the prior year, despite a 7% decline in visitation, demonstrating the stability provided by the season pass program.
Growth in Resort EBITDA
The company achieved 3% growth in resort reported EBITDA year-to-date, despite a 3% decline in total skier visits across North American resorts.
Strong Ancillary Spend
Ancillary spend per destination guest visit was strong across ski school and dining businesses throughout the quarter.
Resource Efficiency Transformation Plan Progress
The company is on track to achieve $100 million in annualized cost efficiencies by the end of fiscal 2026, with approximately $35 million expected in fiscal 2025.
Increased Capital Investment
The company expects to invest approximately $249 million to $254 million in total capital in calendar year 2025, focusing on lift, terrain, and technology expansions.
Dividend and Share Repurchase
The company declared a quarterly cash dividend of $2.22 per share and repurchased approximately 200,000 shares at an average price of $161 per share.