Vail Resorts’ stock falls on lowered profit forecast
BROOMFIELD, Colo. (AP) — Shares of Vail Resorts are falling after the ski resort company lowered one of its full-year forecasts because of fewer guests in early December.
The Broomfield, Colorado-based company said Friday that it now anticipates fiscal 2019 resort reported EBITDA — or earnings before interest, taxes, depreciation and amortization — to be slightly below the low end of its prior range of $718 million to $750 million.
Vail said its resorts in Whistler Blackcomb, British Columbia and Lake Tahoe in particular also suffered over the holidays from “increased weather variability.”
The stock dropped $25.39, or 11.8 percent, to $189.24 in morning trading. Earlier shares traded at $181.96, their lowest point since March 2017.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
Roaring Fork Schools putting new volunteer vetting policy into practice
Roaring Fork Schools volunteers who have already completed a comparable background check through an approved entity would be good to go.