Vail Resorts (NYSE: MTN) reported Q1 EPS of ($5.20), $0.03 better than the analyst estimate of ($5.23). Revenue for the quarter came in at $271.03 million versus the consensus estimate of $273.35 million.

Fiscal Year 2026 Guidance

While pass product sales improved slightly from September, the North American ski season has just begun with the Company\'s primary earnings period still ahead. Given current indicators, including the slow start to the season across its western North American resorts, the Company is reaffirming prior fiscal 2026 guidance provided on September 29, 2025:

Net income attributable to Vail Resorts, Inc. of $201 million to $276 million.
Resort Reported EBITDA of $842 million to $898 million.
Resource Efficiency Transformation plan remains on track to achieve $38 million in additional savings in fiscal 2026 over the prior year, with continued expectations to exceed the cumulative $100 million annualized run rate by fiscal 2027. The Company will provide more details in March 2026.

The guidance also assumes (1) a continuation of the current economic environment, (2) normal weather conditions for the 2025/2026 North American and European ski season and the 2026 Australian ski season, and (3) the foreign currency exchange rates as of our original fiscal 2026 guidance issued September 29, 2025.

For earnings history and earnings-related data on Vail Resorts (MTN) click here.