NYSE$MTN

Vail Resorts Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Vail Resorts' Q4 earnings were negatively impacted by COVID-19, leading to resort closures and operational limitations.

Vail Resorts reported a significant decrease in fourth-quarter results due to the impact of COVID-19, which led to the closure of North American resorts and limitations on summer and Australian winter operations. Resort net revenue and Resort Reported EBITDA decreased compared to the prior year, reflecting reduced visitation and cost reductions.

  • COVID-19 significantly impacted Q4 results due to resort closures and operational restrictions.
  • Resort net revenue declined due to decreased visitation.
  • Resort Reported EBITDA decreased due to lower revenue, partially offset by cost reductions.
  • Season pass sales showed unit growth but a slight decrease in sales dollars due to credits issued to pass holders.

Headline financials

Total Revenue

$77.2M

Previous: $244M-68.4%
EPS (adj)

-$3.82

Previous: -$2.22-72.1%
Total Skier Visits

150

Previous: 787-80.9%
Resort Reported EBITDA

-$103M

No prior period
Net Income

-$158M

Previous: -$89.5M-76.4%
Operating Income

-$170M

Previous: -$121M-41.0%
Gross Profit

-$52.7M

Previous: $3.21M-1740.8%
Cash & Equivalents

$391M

Previous: $109M+259.2%
Total Assets

$1.32B

Previous: $4.43B-70.3%
Stock-Based Comp

$4.89M

Previous: $5.07M-3.5%

Revenue & EPS history

Vail Resorts · Revenue · Quarterly

$77.2M

Q4 2020-68.4%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Vail Resorts · $77.2M total across 3 segments · Q4 2020

  • Mountain
    $48.8M
  • Lodging
    $28.4M
  • Real Estate
    $63K

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 Q4 2020

Historical avgQ4 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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