Description

Vail Resorts Brings Back Former CEO After Rocky Winter & Strikes Shake Confidence; Is There Any Hope?

Vail Resorts’ fiscal third-quarter performance in 2025 presents a mixed picture, shaped by both resilience and operational headwinds. The company reported total net revenue of $1.28 billion, a 3.6% increase year-over-year, but 2.1% below analyst expectations. Net income came in at $362 million, or $9.54 per share—up 10.2% from last year but falling short of consensus estimates. While skier visits were down 3% across U.S. and Canadian resorts, lift-ticket revenue still managed a 3.4% uptick, supported by strong destination guest spending. Notably, revenue from resorts excluding the newly acquired Crans-Montana remained flat, suggesting stabilization amidst weaker visitation metrics.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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