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AI brief of an SEC Form 8-K · Vail Resorts (MTN)

Vail Resorts cuts fiscal 2026 guidance as Q3 net income falls to $314.4 million

Negative Impact 4 of 5 guidance Written later

Vail Resorts reported third-quarter fiscal 2026 net income attributable to the company of $314.4 million, down from $389.7 million a year earlier, and Resort Reported EBITDA of $586.4 million, down from $647.7 million. The company reduced its fiscal 2026 guidance to net income of $128 million to $162 million and Resort Reported EBITDA of $735 million to $755 million, citing weather that hurt visitation and demand in the western U.S.

Key points

  • Q3 Resort Net Revenue decreased $90.4 million, or 7.0%, to $1,205.1 million, with total skier visits down 15.5%.
  • Fiscal 2026 net income guidance is $128 million to $162 million, and Resort Reported EBITDA guidance is $735 million to $755 million.
  • Pass product units sold through May 26, 2026 for the 2026/2027 season decreased approximately 10%, and sales dollars decreased approximately 5%.
  • The quarterly cash dividend of $2.22 per share is payable July 9, 2026 to holders of record as of June 25, 2026.

The filing

CompanyVail Resorts (MTN)
Form8-K, current report
Filed with the SECJun 8, 2026, 4:06 PM ET
Accession number0000812011-26-000025

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.