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Vail reports Q3 2022 revenues and early season pass sales are up
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Vail Resorts and Toyota announce mobility partnership to enhance guest experience
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(1) The provision for income taxes may be impacted by excess tax benefits primarily resulting from vesting and exercises of equity awards. Our estimated provision for income taxes does not include the impact, if any, of unknown future exercises of employee equity awards, which could have a material impact given that a significant portion of our awards are in-the-money.
(2) Our guidance includes certain estimated changes in the fair value of the contingent consideration based on the passage of time, updated financial projections and changes in market factors used to derive the estimate. Separately, the intercompany loan associated with the Whistler Blackcomb transaction requires foreign currency remeasurement to Canadian dollars, the functional currency of Whistler Blackcomb. Our guidance excludes any forward looking change related to foreign currency gains or losses on the intercompany loans, which such change may be material.
Sat, 03/13/2021 - 3:19am tim
Vermont Business Magazine Vail Resorts, Inc (NYSE: MTN), the owner of Mount Snow, Okemo and Stowe Mountain resorts in Vermont, has reported results for the second quarter of fiscal 2021 ended January 31, 2021 and provided the Company s ski season-to-date metrics through March 7, 2021, both of which were negatively impacted by COVID-19 and related limitations and restrictions. Revenues across the board were down, especially in the retail/rental segment, but overall skier visits and lift revenue overall down less than 9 percent. Separate resort information was not available.
Vail still has $1.4 billion of cash on hand. Total net revenue decreased $240.0 million, or 26.0%, to $684.6 million for the three months ended January 31, 2021, as compared to the same period in the prior year. Investment in Okemo will include upgrading the Quantum lift from a four-person to a six-person high speed chairlift and relocating the existing four-person Quant