NYSE:MTNHospitality
Warm Winter Tests Vail Resorts Earnings Resilience And Weather Risk Exposure
Vail Resorts (NYSE:MTN) reports that an unusually warm winter and record low snowfall have sharply reduced skier visits across its resorts.
The company now expects full year results to come in near the lower end of its previously issued guidance.
Weather driven disruption to skier visitation is creating a material headwind for resort revenue and in resort spending.
For investors watching Vail Resorts, the operational setback comes on top of a weak share price backdrop. NYSE:MTN closed at...