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.
Support Local Journalism
Support Local Journalism
Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: 
Moderator 
Trusted User
Corn it what you want: Classic summertime lawn game and Rifle recreational league brings people together
Taylor Walters first had the idea for a cornhole league — also called bags or baggo depending on where you’re from — while applying for a job with the city of Rifle.
