Vail Resorts Reports Fiscal 2020 Fourth Quarter and Full Year Results and Provides Preliminary Season Pass Sales Results
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Vail Resorts (MTN) Misses Q4 EPS by 39c, Revenues Miss
September 24, 2020 4:08 PM EDTVail Resorts (NYSE: MTN) reported Q4 EPS of ($3.82), $0.39 worse than the analyst estimate of ($3.43). Revenue for the quarter came in at $77.21 million versus the consensus estimate of $140.94 million.
Highlights
Net income attributable to Vail Resorts, Inc. was $98.8 million for fiscal 2020, a decrease of 67.2% compared to fiscal 2019, primarily as a result of the negative impacts of COVID-19 as outlined further below.Resort Reported EBITDA was $503.3 million for fiscal 2020, compared to Resort Reported EBITDA of $706.7 million for fiscal 2019, primarily as a result of the negative impacts of COVID-19 and partially offset by disciplined cost... More