NYSE$MTN

Vail Resorts Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Vail Resorts' performance improved significantly driven by strong demand at Australian resorts and recovery in North American summer operations.

Vail Resorts reported strong fiscal 2022 fourth quarter results, driven by record visitation at Australian resorts and continued recovery in North American summer operations. The company provided a positive outlook for fiscal year 2023 and announced its 2023 capital plan.

  • Net loss attributable to Vail Resorts, Inc. was $(108.69) million for the quarter.
  • Mountain Reported EBITDA was $(62.36) million for the quarter.
  • Lodging Reported EBITDA was $(0.71) million for the quarter.
  • Total skier visits were 1,019 thousands for the quarter.

Headline financials

Total Revenue

$267M

Previous: $204M+30.8%
EPS (adj)

-$2.70

Previous: -$3.49+22.6%
Total Skier Visits

1.0M

No prior period
Net Income

-$110M

Previous: $128M-185.7%
Operating Income

-$98.1M

Previous: -$170M+42.4%
Gross Profit

$23M

Previous: -$14M+264.6%
Cash & Equivalents

$1.11B

Previous: $1.2B-7.7%
Total Assets

$2.73B

Previous: $2.85B-4.1%
Stock-Based Comp

$5.95M

Previous: $5.88M+1.3%

Revenue & EPS history

Vail Resorts · Revenue · Quarterly

$267M

Q4 2022+30.8%vs Q4 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Vail Resorts · $255M total across 3 segments · Q1 2024

  • Mountain
    $172M-14.5%
  • Lodging
    $78.4M+6.0%
  • Real Estate
    $4.29M

Forward guidance

Vail Resorts provided its outlook for fiscal year 2023, expecting Resort Reported EBITDA to be between $893 million and $947 million.

Tailwinds

  • Strength in advance commitment product sales.
  • Continued focus on enhancing the guest and employee experience.
  • Maintaining cost discipline.
  • Employee investment expected to return to full staffing levels.
  • Capital investment expected to increase capacity of resorts.

Headwinds

  • Broad cost inflation.
  • Assumes continuation of current economic environment.
  • Assumes normal weather conditions.
  • Assumes no material impacts associated with COVID-19.
  • Guidance assumes an exchange rate of $0.77 between the Canadian Dollar and U.S. Dollar

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 2022

Historical avgQ4 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

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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro