US EditionLow Snow Year Cuts Vail Resorts Profit, Forces Lower Outlook
Persistent low snowfall in the Rockies caused an 11.9% drop in skier visits and led Vail Resorts to lower its fiscal 2026 net income guidance to $144 million–$190 million.
- Vail Resorts, Inc. reported a decrease in Q2 net income to about $210 million and lowered fiscal 2026 guidance to $144,000–$190,000, citing weather challenges.
- Persistent low snowfall across the Rockies saw Colorado and Utah resorts down over 40%, delaying openings and limiting terrain to 70%–80% through February, which impacted company performance.
- CFO Angela Korch reported that season-to-date skier visits were down 11.9%, with declines also hitting ski school, dining and retail revenue, while lift revenue fell 3.6% despite earlier pass sales, and season pass holders now account for roughly 75% of annual visitation.
- The company reported liquidity of approximately $1.1 billion, declared a $2.22 quarterly dividend payable on April 9, 2026, and lowered fiscal 2026 net income guidance.
- The company expects its transformation plan to deliver $1.28 billion of cost efficiencies and highlights the Resort EBITDA margin at the midpoint of 26.4%, or 26.9% before one-time costs, with a conference call replay available through March 16, 2026.
16 Articles
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Low snow year cuts Vail Resorts profit, forces lower outlook
Vail Resorts reported lower profit for its second fiscal quarter Monday and reduced its expectations for the rest of the fiscal year as company leaders described the most challenging winter the company has ever faced across its Rocky Mountain resorts. “This quarter and our full-year outlook reflect the challenges we faced this season, including the most difficult weather environment in the Rockies we have ever seen,” said CEO Rob Katz during Mon…
Vail Resorts Q2 Earnings Call Highlights
Vail Resorts (NYSE:MTN) reported fiscal second-quarter 2026 results that management said were heavily pressured by what it described as the most difficult weather environment the company has ever seen in the Rockies. Executives emphasized that historically low snowfall and unusually warm temperature
The Union Democrat
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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