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Vail Resorts's stock tumbles after 'much lower' than expected pre-holiday resort visits [MarketWatch]

Vail Resorts, Inc (MTN)  More Company Research Source: MarketWatch
Last vail resorts, inc earnings: 3/8 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.vailresorts.com/investor-relations
PDF Vail Resorts's stock tumbles after 'much lower' than expected pre-holiday resort visits Shares of Vail Resorts Inc. MTN, -10.57% tumbled 9.2% toward a 21-month low in premarket trade Friday, after the ski resort operator said destination guest visitation was "much lower" than anticipated in the pre-holiday period. As a result of its pre-holiday miss, the company said it now expects full-year resort reported earning before interest, taxes, depreciation and amortization (EBITDA) to be "slightly below the low end" its previously provided guidance range of $718 million to $750 million. Chief Executive Rob Katz said he believes the weak pre-holiday visitation resulted from concerns from two prior years of poor pre-holiday conditions at U.S. resorts, and the lack of a pick up in short-term bookings as expected. Over the holiday, Katz said results were in line with expectations, expect at Whistler Blackcomb and the Tahoe resorts. Separately, the company reported season-to-date lift ticket [Read more]

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