Vail Resorts ($MTN) Reports Q3 EPS Miss; Lowers FY2026 Guidance

Vail Resorts (NYSE: MTN) reported its third-quarter results after market close.

The company’s earnings per share were $8.81, which fell short of analyst projections and decreased by 16.4 percent compared to a year earlier.

Vail Resorts recorded quarterly revenue of $1.21 billion, which was below analyst expectations of $1.22 billion and represented a year-over-year decline of 6.9 percent.

The company has revised its fiscal 2026 guidance, now anticipating net income attributable to Vail Resorts, Inc. to be between $128 million and $162 million, and Resort Reported EBITDA to range from $735 million to $755 million.

Rob Katz, Chief Executive Officer, commented, “Weather conditions remained extremely unfavorable in the third quarter, adding to what had already been one of the most challenging winters in history across the western U.S., driving continued pressure on visitation and revenue in the quarter, particularly at our destination resorts in the Rockies.”

The Board of Directors declared a quarterly cash dividend of $2.22 per share of Vail Resorts’ common stock, payable on July 9, 2026, to shareholders of record as of June 25, 2026.