NYSE$MTN
Vail Resorts Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a net loss, driven by COVID-19 impacts and related restrictions, though performance exceeded expectations due to strong demand.
Vail Resorts reported a net loss attributable to Vail Resorts, Inc. of $139.3 million for the first quarter of fiscal 2022, an improvement compared to the prior year's $153.8 million loss. Resort Reported EBITDA loss was $108.4 million, compared to a loss of $94.8 million in the prior year. Pass product sales increased significantly, and the company reaffirmed its fiscal year 2022 Resort Reported EBITDA guidance of $785 million to $835 million.
- Net loss attributable to Vail Resorts, Inc. was $139.3 million, improved from $153.8 million in the prior year.
- Resort Reported EBITDA loss was $108.4 million, compared to a loss of $94.8 million in the prior year.
- Pass product sales through December 5, 2021, increased approximately 47% in units and 21% in sales dollars compared to the prior year.
- The Company reaffirmed its fiscal year 2022 Resort Reported EBITDA guidance of $785 million to $835 million.
Headline financials
Revenue & EPS history
Vail Resorts · Revenue · Quarterly
$176M
Revenue by segment
Vail Resorts · $255M total across 3 segments · Q1 2024
- Mountain$172M-14.5%67.6%
- Lodging$78.4M+6.0%30.7%
- Real Estate$4.29M—1.7%
Forward guidance
The Company reaffirmed its Resort Reported EBITDA guidance for fiscal 2022 of $785 million to $835 million.
Tailwinds
- Strong pass sales heading into the season.
- Favorable first quarter results.
- Strong demand seen across leisure travel.
- Strong demand in U.S. booking trends.
- Growth in pass sales expected to be partially offset by reduced lift ticket sales as guests convert to pass products.
Headwinds
- Challenging early season conditions resulting in delayed openings and limited terrain.
- These conditions are anticipated to negatively impact results leading up to the holidays.
- Continued uncertainty regarding the ultimate impact of COVID-19 on business results.
- Potential impact from changing COVID-19 guidance and regulations.
- Potential changes in travel and consumer behavior resulting from COVID-19.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+0.5%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-2.2%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+13.9%
Q2 2015
Best reaction
-13.7%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -4.4% | -2.7% | — | |
| Q2 2026 | +0.9% | -1.6% | -3.3% | |
| Q1 2026 | +9.2% | +11.7% | -2.7% | |
| Q4 2025 | +0.9% | +6.1% | -1.9% | |
| Q3 2025 | +0.0% | +3.4% | +5.7% | |
| Q2 2025 | +7.7% | +3.9% | -9.0% | |
| Q1 2025 | +2.5% | -0.1% | -5.5% | |
| Q4 2024 | -1.2% | -5.3% | -8.0% | |
| Q3 2024 | -9.8% | -6.0% | -9.6% | |
| Q2 2024 | +1.1% | -2.3% | +3.6% | |
| Q1 2024 | +5.7% | +7.0% | -1.7% | |
| Q4 2023 | -6.0% | -11.9% | -12.5% | |
| Q3 2023 | -6.4% | -2.7% | -4.8% | |
| Q2 2023 | -5.5% | -7.6% | +0.4% | |
| Q1 2023 | +4.7% | +8.1% | +0.6% | |
| Q4 2022 | +4.7% | +4.8% | +6.3% | |
| Q3 2022 | -3.1% | -10.0% | -15.7% | |
| Q2 2022 | +3.2% | +12.7% | +6.7% | |
| Q1 2022 | -1.7% | -5.6% | -10.7% | |
| Q4 2021 | +9.4% | +6.6% | +10.3% | |
| Q3 2021 | -2.1% | -4.0% | -3.6% | |
| Q2 2021 | +3.2% | +1.5% | -0.3% | |
| Q1 2021 | -2.9% | -3.6% | -2.5% | |
| Q4 2020 | -1.5% | -6.4% | +9.4% | |
| Q3 2020 | -2.6% | -6.6% | -9.5% | |
| Q2 2020 | -9.5% | -13.6% | -19.8% | |
| Q1 2020 | +0.1% | +4.3% | +6.8% | |
| Q4 2019 | +0.4% | -3.2% | -0.1% | |
| Q3 2019 | +8.6% | +6.3% | +2.2% | |
| Q2 2019 | +9.0% | +7.8% | +8.4% | |
| Q1 2019 | -13.7% | -17.2% | -19.9% | |
| Q4 2018 | -7.2% | -10.1% | -16.9% | |
| Q3 2018 | +6.2% | +7.9% | +9.5% | |
| Q2 2018 | +4.7% | +2.1% | +3.3% | |
| Q1 2018 | +1.9% | -1.2% | -6.3% | |
| Q4 2017 | +0.0% | -2.8% | -0.3% | |
| Q3 2017 | -6.0% | -4.5% | -5.9% | |
| Q2 2017 | +3.7% | +3.6% | +5.2% | |
| Q1 2017 | +3.2% | +1.7% | +2.2% | |
| Q4 2016 | -2.9% | -2.3% | -2.8% | |
| Q3 2016 | +5.4% | +2.0% | +3.7% | |
| Q2 2016 | -1.4% | — | — | |
| Q1 2016 | +5.1% | — | — | |
| Q4 2015 | -5.7% | — | — | |
| Q3 2015 | -2.9% | — | — | |
| Q2 2015 | +13.9% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q4 2014 | -1.4% | — | — | |
| Q3 2014 | +7.1% | — | — | |
| Q2 2014 | -2.7% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | +0.6% | — | — | |
| Q3 2013 | +1.5% | — | — | |
| Q2 2013 | +6.9% | — | — | |
| Q1 2013 | -6.1% | — | — | |
| Q4 2012 | +8.5% | — | — | |
| Q3 2012 | +6.8% | — | — | |
| Q2 2012 | +7.7% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q4 2010 | -6.3% | — | — | |
| Q4 2011 | -6.3% | — | — | |
| Q4 2009 | -6.3% | — | — | |
| Q3 2011 | +0.1% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q2 2011 | -0.5% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q1 2011 | +4.4% | — | — | |
| Q1 2010 | +4.4% | — | — |
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