Why Vail Resorts Just Withdrew Its 2020 Outlook [The Motley Fool]
Vail Resorts, Inc. (MTN)
Last vail resorts, inc. earnings: 3/9 04:01 pm
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US:NYSE Investor Relations:
investors.vailresorts.com/investor-relations
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Source: The Motley Fool
Why Vail Resorts Just Withdrew Its 2020 Outlook The short-term operating outlook has gotten much cloudier for this resort operator. Vail Resorts ( NYSE:MTN ) on Tuesday announced mixed results for the fiscal second quarter that includes much of its peak ski season metrics. The operating trends were slightly below management's expectations, in part because of poor weather conditions in a few regions. However, the resort operator also took two unusual steps that related directly to the novel coronavirus outbreak and the subsequent shift in travel spending. First, the company withdrew its 2020 financial outlook, citing uncertainty around skier visitation during its key late-season Easter and spring break holidays. Vail also postponed its decision on raising its annual dividend while it waits to see the full scope of the coronavirus's impact on the business this year. In a conference call with Wall Street analysts, CEO Robert Katz and his team explained how Vail came to those difficult
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News
- CPI PROPERTY GROUP - Sale of Crans Montana Ski Resort [Yahoo! Finance]Yahoo! Finance
- Vail Resorts Closes on Acquisition of Crans-Montana Mountain Resort in Switzerland, the Company's Second Ski Resort in Europe [Yahoo! Finance]Yahoo! Finance
- Vail Resorts Closes on Acquisition of Crans-Montana Mountain Resort in Switzerland, the Company's Second Ski Resort in EuropePR Newswire
- Leading Brands Unveil Exclusive Offers for Verified Military Members During National Military Appreciation Month [Yahoo! Finance]Yahoo! Finance
- Here's Why Baron Real Estate Fund Exited Vail Resorts (MTN) [Yahoo! Finance]Yahoo! Finance
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