Vail Resorts Cuts Profit Forecast as Warm Winter Lingers in the Rockies
Vail Resorts cut fiscal 2026 net income forecast to $144-$190 million after skier visits fell 11.9% due to over 40% less snowfall in key Rocky Mountain resorts, officials said.
- On March 9, 2026, the company reported reducing fiscal 2026 guidance to $144 million–$190 million due to the most challenging winter across the Rockies, impacting results.
- Record-Low snowpack and warm temperatures delayed terrain openings, leaving only 70%–80% of acres open at Colorado and Utah resorts, including Vail's Back Bowls and Breckenridge's Imperial lift.
- Season-to-Date skier visits declined about 14%, while lift revenue decreased only 3.6%, according to CFO Angela Korch, with revenue impacts varying across channels.
- At the guidance midpoint, the company expects a Resort EBITDA margin of 26.4%, holds approximately $1.1 billion in total liquidity, and declared a quarterly dividend of $2.22 per share payable April 9, 2026.
- Management highlighted its financing moves such as a $1,275.0 million senior term loan facility in the Tenth A&R Credit Agreement, while targeting Gen Z with discounted Epic Pass pricing.
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Low snow year cuts Vail Resorts profit, forces lower outlook
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Vail Resorts Reports Second Quarter Fiscal 2026 Results and Provides Updated Fiscal 2026 Guidance
BROOMFIELD, Colo., March 9, 2026 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the second quarter of fiscal 2026 ended January 31, 2026 and provided the Company's ski season-to-date metrics through March 1, 2026.
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