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Vail Resorts Cuts Guidance After 12% Visitor Drop

6/10/2026

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Summary

Story summary

Vail Resorts Inc. reported a 12.5% skier-visit decline and a 7% revenue drop for Q3 versus 2025.
CEO Rob Katz said visits fell 15.5% to 7.276 million in the quarter ended April 30 2026, cutting net income 19.3% to $314.4 million.
Full-year EBITDA and net-income guidance fell to $735-$755 million and $128-$162 million, respectively, while the $2.22 dividend is funded by $1.1 billion liquidity despite earnings-per-share shortfall.

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Story summary

Vail Resorts Inc. reported a 12.5% skier-visit decline and a 7% revenue drop for Q3 versus 2025.
CEO Rob Katz said visits fell 15.5% to 7.276 million in the quarter ended April 30 2026, cutting net income 19.3% to $314.4 million.
Full-year EBITDA and net-income guidance fell to $735-$755 million and $128-$162 million, respectively, while the $2.22 dividend is funded by $1.1 billion liquidity despite earnings-per-share shortfall.