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Vail Resorts Faces Earnings Slip Amid Record Low Snowfall

3/10/2026

26 3 Full Breakdown

Summary

Story summary

Vail Resorts, Inc. reported fiscal 2026 second-quarter earnings per share of $5.87, below expectations of $6.25.
Revenue was $1.08 billion, down 4.7% year over year, due to lowest snowfall in more than 30 years.
Skier visits declined by 973,000 to 6.78 million.
Vail Resorts updated its EBITDA guidance to $747 million to $783 million.
Analysts trimmed price targets to $172 at Stifel and $200 at Mizuho.

History

Historical Context

In 1993, the U.S. recorded its lowest snowfall in decades, causing a decline of over 1 million skier visits and a 5% revenue drop for ski resorts like Vail. Today, Vail Resorts faces a similar challenge, reporting a 4.7% revenue decrease and 973,000 fewer visits, highlighting ongoing concerns about the sustainability of ski tourism amid climate change and declining snowfall patterns.

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Story summary

Vail Resorts, Inc. reported fiscal 2026 second-quarter earnings per share of $5.87, below expectations of $6.25.
Revenue was $1.08 billion, down 4.7% year over year, due to lowest snowfall in more than 30 years.
Skier visits declined by 973,000 to 6.78 million.
Vail Resorts updated its EBITDA guidance to $747 million to $783 million.
Analysts trimmed price targets to $172 at Stifel and $200 at Mizuho.

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