Categories Earnings, Leisure & Entertainment

Vail Resorts (MTN): Q2 2020 Earnings Snapshot

— Vail Resorts Inc. (NYSE: MTN) reported net income of $206.4 million or $5.04 per share for the second quarter of 2020, compared to $206.3 million or $5.02 per share last year. Analysts had forecast earnings of $5.46 per share.

— Total net revenue increased 8.8% annually to $924.6 million during the three-months period, vs. $953.65 million expected

— Total lift revenue rose 8.2% to $484.3 million in the second quarter, primarily due to an increase in pass product revenue and incremental revenue from Peak Resorts

— There was a 11.4% growth in ski school revenue, aided by incremental revenue from Peak Resorts and increased revenue from the company’s western US resorts and Whistler Blackcomb

— The company did not issue financial guidance for fiscal 2020, in view of the uncertainty surrounding the impact of the coronavirus

— Declared quarterly cash dividend of $1.76 per share during the quarter, which is payable on April 9, 2020, to shareholders of record on March 26, 2020

— Last week, destination skier visits fell below expectations, marking a deterioration from the preceding quarter; management expects the trend to continue and potentially worsen in upcoming weeks

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

IPO Alert: Here’s what to look for when CaliberCos goes public

The massive slowdown in the IPO market continued in the second half as the challenges posed by high inflation and interest rate hikes weighed on investor confidence. Meanwhile, there is

CarMax (KMX) Stock: Does the current dip offer a buying opportunity?

The automotive sector is one of the worst affected by the combination of high inflation and rising interest rates. Consumers have become more cautious and are prioritizing their purchases with

Ultimax Digital gears up for $10mln IPO. Here’s all you need to know

The IPO market has witnessed muted activity this year, and things don’t seem to have improved in the second half. The upcoming public listing of video game technology firm Ultimax

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top