Vail Resorts, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended January 31, 2024
March 11, 2024 at 04:10 pm EDT
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Vail Resorts, Inc. reported earnings results for the second quarter and six months ended January 31, 2024. For the second quarter, the company reported sales was USD 1,077.96 million compared to USD 1,101.72 million a year ago. Revenue was USD 1,077.96 million compared to USD 1,101.72 million a year ago. Net income was USD 219.3 million compared to USD 208.68 million a year ago. Basic earnings per share from continuing operations was USD 5.78 compared to USD 5.17 a year ago. Diluted earnings per share from continuing operations was USD 5.76 compared to USD 5.16 a year ago.
For the six months, sales was USD 1,336.52 million compared to USD 1,381.17 million a year ago. Revenue was USD 1,336.52 million compared to USD 1,381.17 million a year ago. Net income was USD 43.79 million compared to USD 71.71 million a year ago. Basic earnings per share from continuing operations was USD 1.15 compared to USD 1.78 a year ago. Diluted earnings per share from continuing operations was USD 1.15 compared to USD 1.77 a year ago.
Vail Resorts, Inc. is a network of destination and close-to-home ski resorts. The Company operates through three segments: Mountain, Lodging and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas (collectively, Resorts). The segment includes ancillary services, primarily including ski school, dining and retail/rental operations. The Lodging segment owns and/or manages a collection of luxury hotels and condominiums under its RockResorts brand, other strategic lodging properties and various condominiums located in proximity to its North American mountain resorts, National Park Service (NPS) concessioner properties, including the Grand Teton Lodge Company (GTLC), which operates destination resorts in Grand Teton National Park, a Colorado resort ground transportation company and mountain resort golf courses. The Real Estate segment owns, develops and sells real estate in and around the Company resort communities.