Vail Resorts Stock Slides After Hours Following Q4 Results: The Details – Vail Resorts (NYSE:MTN)

Vail Resorts, Inc. MTN shares are trading lower in Thursday’s after-hours session after the company reported fourth-quarter earnings.

What To Know: Vail Resorts reported quarterly losses of $3.35 per share, a 24.07% decrease over losses of $2.70 per share from the same period last year. The company reported quarterly sales of $269.77 million, which missed the analyst consensus estimate of $283.20 million, a 0.99% increase over sales of $267.14 million from the same period last year.

Vail Resorts also detailed segment operating results highlights. Its Mountain Segment saw ski school revenue increase to $63.6 million, or 28.5%.

The company expects a first-quarter net loss attributable between losses of $191 million and losses of $168 million. Full-year 2024 net income attributable is expected to be between $316 million and $394 million.

Kirsten Lynch, CEO, said, “Given the significant weather-related challenges this past season, we are pleased with our overall results for the year, with strong growth in 2022/2023 North American ski season visitation and spending compared to the prior year, further supported by the stability created by our advance commitment products. The return to normal staffing levels enabled our mountain resorts to deliver a strong guest experience resulting in a significant improvement in guest satisfaction scores, which exceeded pre-COVID levels at our destination mountain resorts.”

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MTN Price Action: Shares of MTN were down 0.52% at $241.00 in the after-hours session at the time of publication, according to Benzinga Pro.

Image by Oleksandr Pyrohov from Pixabay