EAGLE COUNTY – Vail Resorts, which on Friday could trigger "certain metrics of the ski season," may have accelerated the downward trend in company stockpiles.
On Friday trading, Vail Resorts stocks fell by $ 27.30 per share, to $ 187.33 per share, for a loss of 12.7 percent. The stock reached the peak of all times in the amount of $ 301.42 per share on September 4, 2018. At the end of trading Friday, the stock amounted to a maximum of 37.8 percent.
Also on Friday, Vail Resorts released data on the ski season so far in North American mountain centers.
These data include:
- Revenue from joint tickets for the season so far has grown by 12.2 percent compared to the previous year in the North American mountainous areas of the company, including the allocated portion of revenue for season tickets for each applicable period.
- Revenues from the ski school increased by 9.5 percent, while revenues from restaurants increased by 14.8 percent compared to the previous year. Retail sales / rentals for locations in North American resorts increased by 12% compared to the previous year.
- This year's total visit to skiers in North American mountain resorts increased by 16.9 percent compared to the previous year.
In his statement, director of Vail Resorts, Rob Katz, said: "It's nice to see growth in our company …"
However, in a statement, he added that the company missed its expectations for weeks before the Christmas season. This led to the adjustment of EBITDA expectations (pre-interest, taxes, amortization and depreciation) that the company reported "will be slightly below the bottom end of the management area, which we have issued on September 28, 2018."
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Vail Daily Business Editor Scott Miller can be obtained at firstname.lastname@example.org or 970-748-2930.