Vail Resorts Profit Gains Nearly 36% On Easing Covid; Shares Rise [Forbes]
Vail Resorts, Inc. (MTN)
Last vail resorts, inc. earnings: 3/9 04:01 pm
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investors.vailresorts.com/investor-relations
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Source: Forbes
The U.S. ski industry is rebounding this year as the impact of Covid eases. (Photo by Michael... [+]Ciaglo/Getty Images)Shares in Vail Resorts, one of the world’s largest ski resort businesses, opened higher in early trade at the New York Stock Exchange after it reported a jump in profit amid an easing impact of Covid-19 in the U.S. this year.Net profit at Vail Resorts in the three months to April 30 rose by 35.6% to $372.6 million compared to $274.6 million a year earlier, the company said yesterday after the end of trade. Revenue increased by 32% to $1.17 billion from $889 million.The increase in income “is primarily due to the greater impact of Covid-19 and related limitations and restrictions on results in the prior year,” Vail said in a statement yesterday.For the nine months to April 30, revenue increased to $2.25 billion from $1.7 billion; net profit was $456.6 million from $268 million.Shares rose by 2% in early trading today to $250. 61 from Thursday’s $245.50 close. They had
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MTN
Earnings
- 3/11/24 - Miss
MTN
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 3
- MTN's page on the SEC website