Vail Resorts Reports Fiscal 2021 First Quarter and Season Pass Results
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Vail Resorts (MTN) Misses Q1 EPS by 28c, Revenues Miss
December 10, 2020 4:08 PM ESTVail Resorts (NYSE: MTN) reported Q1 EPS of ($3.82), $0.28 worse than the analyst estimate of ($3.54). Revenue for the quarter came in at $131.79 million versus the consensus estimate of $163.01 million.
Highlights
Net loss attributable to Vail Resorts, Inc. was $153.8 million for the first fiscal quarter of 2021, a decrease of 44.4% compared to the first fiscal quarter of 2020, primarily as a result of the negative impacts of COVID-19.Resort Reported EBITDA loss was $94.8 million for the first fiscal quarter of 2021, compared to a Resort Reported EBITDA loss of $76.7 million for the first fiscal... More