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Vail Resorts Anticipates Revenue Rise, Driven by Robust Ticket Sales

EditorVenkatesh Jartarkar
Published 09/26/2023, 02:38 PM
© Reuters.

Vail Resorts, Inc. (NYSE:MTN) is expected to report a 12.4% increase in its Mountain segment revenues for the Q4 fiscal 2023 results due on Wednesday. The growth is attributed to strong ticket sales at North American resorts and a surge in Epic Australia Pass sales for the 2023/2024 winter season.

The company's stock has seen a significant upward trajectory this year, with a 19.3% YoY growth, outpacing the overall industry. This robust performance has been spurred by the company's strong sales figures.

Despite having a Zacks Rank #4 (Sell), Vail Resorts is projecting a revenue consensus of $282.5 million for the fourth quarter, marking a significant turnaround from a loss of $2.70 last year.

The anticipated results underline Vail Resorts' successful recovery and growth strategy, leveraging increased demand for mountain resort visits and winter sports activities across North America and Australia.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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