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Vail Resorts (MTN) Reports Ski Season Metrics, Skier Visits Down

By Zacks Investment ResearchStock MarketsJan 16, 2022 10:33PM ET
www.investing.com/analysis/vail-resorts-mtn-reports-ski-season-metrics-skier-visits-down-200614982
Vail Resorts (MTN) Reports Ski Season Metrics, Skier Visits Down
By Zacks Investment Research   |  Jan 16, 2022 10:33PM ET
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Vail Resorts (NYSE:MTN), Inc. MTN reported certain ski season metrics for the period from the beginning of the ski season through Jan 2, 2022.

Ski Season Metrics

Season-to-date (through Jan 2, 2022) total skier visits fell 1.7% compared with the prior-year season-to-date period (Jan 3, 2021). The metric declined 18.3% compared with the fiscal year 2020 season-to-date period.

Lift ticket revenues (including an allocated portion of season pass revenues for each applicable period) increased 25.9% year over year but declined 4.6% compared with the fiscal year 2020 season-to-date period. Ski school revenues surged 59.1% year over year while dining revenues jumped 64.7% compared with the prior-year period. However, ski school revenues and dining revenue declined 25.2% and 45.1% compared with the fiscal year 2020 season-to-date period.

Retail/rental revenues for North American resort and ski area store locations increased 36.3% compared with the prior-year season-to-date period. However, the metric slumped 19.5% compared with the comparable season-to-date period in the fiscal year 2020.

Kirsten Lynch, CEO of Vail Resorts, said, “As expected, season-to-date 2021/2022 North American ski season results are significantly outperforming results from the prior year, due to the greater impact of COVID-19 and related limitations and restrictions on results from the 2020/2021 season. Relative to the 2019/2020 North American ski season, the 2021/2022 North American ski season got off to a slow start with challenging early season conditions that were worse than our expectations, resulting in delayed openings and limited open terrain that persisted into the first week of the holidays ending December 26, 2021.”

The company stated that the Omicron variant has been negatively impacting the company’s performance. However, the company’s season pass business, the relative strength of destination visitation over the holidays and lately improved conditions bode well.

In the past year, shares of this Zacks Rank #3 (Hold) company have gained 9.6%, compared with the industry’s rally of 4.2%.

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Some better-ranked stocks from the Zacks Consumer Discretionary sector include Hilton Grand Vacations (NYSE:HGV) Inc. HGV, Bluegreen Vacations (NYSE:BXG) Holding Corporation BVH and RCI Hospitality Holdings, Inc. RICK.

Hilton Grand Vacations sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 411.1%, on average. Shares of Hilton Grand Vacations have appreciated 58.4% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for HGV’s 2022 sales and earnings per share (EPS) suggests growth of 27.7% and 154.4%, respectively, from the year-ago period’s levels.

Bluegreen Vacations sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 695%, on average. Shares of Bluegreen Vacations have surged a whopping 156.4% in the past year.

The Zacks Consensus Estimate for BVH’s 2022 sales and EPS indicates a rise of 7.6% and 0.4%, respectively, from the year-ago period’s levels.

RCI Hospitality flaunts a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 67.7%, on average. Shares of RCI Hospitality have soared 123.9% in the past year.

The Zacks Consensus Estimate for RICK’s 2022 sales and EPS suggests growth of 34.9% and 22.1%, respectively, from the year-ago period’s levels.


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Vail Resorts (MTN) Reports Ski Season Metrics, Skier Visits Down
 

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Vail Resorts (MTN) Reports Ski Season Metrics, Skier Visits Down

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