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Home / Business / Vail Resorts stock drops nearly 13 percent Friday

Vail Resorts stock drops nearly 13 percent Friday



EAGLE COUNTY – The release of Vail Resorts of "some metrics of the ski season" on Friday may have accelerated a downward trend for the company's shares.

During Friday, Vail Resorts shares sold $ 27.30 per share to $ 187.33 per share, representing a loss of 12.7 percent. The stock hit its all-time high of $ 301.42 per share on 4 September 2018. At the close of trading on Friday, the stock was below 37.8% from that peak.

Also on Friday, Vail Resorts published data on the ski season

These data include:

  • The total revenue of seasonal ski tickets to the North American mountain resorts of the company, including an allocated portion of seasonal revenue for each applicable period, it was + 1
    2.2% compared to the previous year.
  • Seasonal revenues from ski schools increased by 9.5% and canteen income increased by 14.8% compared to the previous year. Retail / rental revenues for North American resort stores increased 12% from the pre-season period.
  • Seasonal visits by total skiers to mountain resorts in North America increased by 16.9% compared to the previous year.

In a statement, Vail Resorts CEO Rob Katz said, "It's good to see growth across our company …"

But the statement added that the company had lost its expectations for weeks before the Christmas holiday period. This resulted in an adjustment in EBITDA expectations reported by the Resort (earnings before interest, tax, depreciation and amortization) from "slightly below the low end of the range of guidelines we issued on 28 September 2018" . [19659010] Suggested stories for you

The Vail Daily Business editor Scott Miller can be contacted at smiller@vaildaily.com or 970-748-2930.


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