Vail Resorts Inc.

-1.81 (-0.57%)
Other Pre-Announcement

Vail Resorts Inc Posts Qtrly Loss Per Share Of $3.82

Published: 09/24/2020 20:35 GMT
Vail Resorts Inc. (MTN) - Vail Resorts Reports Fiscal 2020 Fourth Quarter and Full Year Results and Provides Preliminary Season Pass Sales Results.
Qtrly Loss per Share $3.82.
In North America, U.S. Resort Communities Experienced Increasing Demand From Leisure Travelers Throughout Month of July.
at Whistler Blackcomb, Demand in July Was Below Our Expectations Due in Part to Travel Restrictions.
Qtrly Total Net Revenue $77.2 Million Versus $244.0 Million.
Season Pass Sales Through September 18, 2020 for Upcoming 2020/2021 North American Ski Season Increased Approximately 18% in Units.
Will Not Be Providing Full Year Guidance for Fiscal 2021 at This Time.
Expect Operating Plans Will Help Enable a Safe Ski Season But Will Also Negatively Impact Fiscal 2021 Financial Results.
Total Cash and Revolver Availability As of August 31, 2020 Was About $953 Million.
Vail Resorts - Expect to See Material Declines in Visitation to Resorts, Associated Revenue Fall in Fiscal 2021 Relative to Original Expectations for 2020.
Q4 Earnings per Share View $-3.43, Revenue View $140.9 Million -- Refinitiv Ibes Data (analyst estimates).