Vail Resorts earnings weak, fewer out-of-towners - Tom Johansmeyer

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Vail Resorts earnings weak, fewer out-of-towners
Jun 08, 2009 03:30 PM UTC

Tom Johansmeyer

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Filed under: Earnings reports

Vail Resorts Inc. (NYSE: MTN) reported an earnings drop of 29% for its fiscal third quarter. Weakness in visits from out-of-state guests was the primary reason. Total skier visits across the company's properties -- Vail, Beaver Creek, Keystone and Breckenridge in Colorado, and Heavenly in California -- were down 5.3% relative to the same period for the previous year.

The ski resort operator generated total earnings for the quarter (which ended April 30, 2009) of $61.6 million, which amounts to $1.68 per share. For the quarter ending April 30, 2008, Vail Resorts had earnings of $87.3 million (or, $2.24 per share).

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Vail Resorts earnings weak, fewer out-of-towners originally appeared on BloggingStocks on Mon, 08 Jun 2009 10:30:00 EST. Please see our terms for use of feeds.

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