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Vail Resorts says Epic Pass sales trail 12% after unusually poor snow season

AI Market Summary
Vail Resorts reported FY2026 resort net revenue down $132m (-4.5%) due to last season's exceptionally poor weather, and noted Epic Pass sales running 12% behind year-ago levels through mid-September. Management's guidance assumes skier visits in 2026-27 remain modestly below prior expectations, implying softer near-term demand visibility and potential margin pressure from lower volume across its multi-resort portfolio.
Impact level
● Low
Affected assets
NCSKS2USD/USDT+3.44%
AI Insight · NCSKS2USD/USDTAI Insight
▼ Bearish
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Vail Resorts reported results for fiscal 2026, saying annual resort net revenue fell by $132 million, or 4.5%, largely due to exceptionally challenging weather last season. Through mid-September, Epic Pass sales for the new season were running 12% behind the prior year. The company also issued guidance for the 2026-27 season that assumes visitation will be modestly lower than it had initially projected heading into last season.
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