BROOMFIELD, Colo., April 14, 2016 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported certain ski season metrics for the comparative periods from the beginning of the ski season through April 10, 2016, and for the prior year period through April 12, 2015. The reported ski season metrics are for the Company's U.S. mountain resorts, excluding results from Perisher and the urban ski areas of Afton Alps, Mt. Brighton and Wilmot Mountain. The data mentioned in this release is interim period data and is subject to fiscal quarter end review and adjustments.
Season-to-date total lift ticket revenue at the Company's U.S. mountain resorts, including an allocated portion of season pass revenue for each applicable period, was up 19.3% compared to the prior year season-to-date period.
Season-to-date ancillary spending increased compared to the prior year, with dining revenue up 16.0% and ski school revenue up 10.1% at the Company's U.S. mountain resorts. Additionally, retail/rental revenue for U.S. resort store locations was up 11.5% compared to the prior year season-to-date period.
Season-to-date total skier visits for the Company's U.S. mountain resorts were up 13.4% compared to the prior year season-to-date period.
Also wonder how much of the increase is due to adding Park City. I will have to look into their official earnings release when it becomes available. Vail is trading in a range right around its all-time high. Peak Resorts meanwhile is trading around its all-time low.
Sno---you can't define success just by what's posted here. You really need to dive into the financial details a la ADK Jeff.
% revenue increase is just that. It's an increase over a crummy year prior. And it's just the revenue (top line)--how much money they collected. Need to subtract the expenses and liabilities before you can make any approximation for success.
From the advisory service I use for investing - note the 17% in pass sales
Vail Resorts, Inc. (MTN) released results from its fourth quarter in fiscal year 2017 on Thursday morning. The company reported a net loss of $57.1 million, or a $1.43 per share loss, on $209.1 million in sales. The analyst community was expecting an earnings per share loss of $1.81, and sales of $212.03 million. So Vail Resorts topped earnings per share estimates, and posted a 1.4% sales miss. The sales miss and overall stock market weakness is why MTN shares are down about X% this week.
For fiscal year 2017, it was another record-breaking year for the company, thanks in part to strong sales at its resort locations and the acquisition of Whistler Blackcomb. Full-year 2017 net income jumped 40.6% year-over-year to $210.6 million, of $5.22 per share, which topped the consensus estimate for $4.86 per share by 7.4%.
Full-year sales from the company's mountain business soared 23.5% year-over-year to $1.6 billion—and total net revenue rose 19.1% year-over-year to $1.91 billion. The company also noted that season pass sales for the 2017/2018 ski season are up 17% year-over-year.
Looking ahead to fiscal year 2018, Vail Resorts expects net income to be between $234 million and $272 million. Vail Resorts will also pay a quarterly dividend of $1.05 per share on October 27 to shareholders of record on October 10. Overall, this was a strong earnings report for Vail Resorts and some investors had a knee-jerk reaction to the slight sales miss. I view this dip as a good buying opportunity. Buy MTN below $243.
"It is better to go skiing and think of God, than go to church and think of sport."
Artic Explorer Fridtjof Nansen