Janney Capital Reiterates Buy on Vail Resorts (MTN) as Weather Drives 2Q Results

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Go back to Janney Capital Reiterates Buy on Vail Resorts (MTN) as Weather Drives 2Q Results

Vail Resorts to Invest $13 Million to Completely Transform the Guest Experience at Wilmot Mountain

March 10, 2016 7:00 AM EST

BROOMFIELD, Colo., March 10, 2016 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) will invest $13 million to re-imagine the entire guest experience at Wilmot Mountain, located in Wisconsin approximately 65 miles north of Chicago, ahead of the 2016-2017 winter season. In addition, the Company announced that Wilmot will be included in the Vail Resorts season pass lineup, offering the best resort access and value in the snow sports industry on one season pass.

"We think our guests from Chicago and Milwaukee will be thrilled with the investments we are making at Wilmot for the... More

Vail Resorts Reports Fiscal 2016 Second Quarter Results, Increases Fiscal 2016 Guidance and Increases Quarterly Dividend 30%

March 10, 2016 6:45 AM EST

BROOMFIELD, Colo., March 10, 2016 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the second quarter of fiscal 2016 ended January 31, 2016, provided the Company's ski season-to-date metrics through March 6, 2016 and updated full year fiscal 2016 guidance.

Highlights

Resort Reported EBITDA was $242.1 million for the second fiscal quarter of 2016, an increase of 21.2% compared to the same period in the prior year. Net income attributable to Vail Resorts, Inc. was $117.0 million for the second fiscal quarter of 2016, representing a 1.1% increase compared to the same... More