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Vail Resorts Warns of Weaker Results Amid Poor Snow

Tipranks - Fri Apr 24, 7:38AM CDT

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An update from Vail Resorts ( (MTN) ) is now available.

On April 23, 2026, Vail Resorts reported that for the North American ski season through April 19, 2026, skier visits declined 14.9% year over year, with lift revenue down 5.6%, ski school revenue down 12.0%, dining revenue down 11.7% and retail/rental revenue down 6.6%. Chief executive Rob Katz attributed the weakness to record low snowfall and unusually warm temperatures across the western U.S., which forced earlier-than-planned resort closures, drove a 25% visitation drop in the Rockies and is now expected to push fiscal 2026 Resort Reported EBITDA to the low end of guidance, while early spring pass sales for 2026/2027 also showed moderate unit declines and slight sales dollar declines through April 12, signaling pressure on near-term growth and earnings visibility for investors and other stakeholders.

The most recent analyst rating on (MTN) stock is a Hold with a $139.00 price target. To see the full list of analyst forecasts on Vail Resorts stock, see the MTN Stock Forecast page.

Spark’s Take on MTN Stock

According to Spark, TipRanks’ AI Analyst, MTN is a Neutral.

The score reflects a mix of strong valuation (low P/E and high dividend yield) and resilient operating margins, offset by meaningful balance-sheet risk from extremely high leverage and weakening free cash flow. Technicals are also a headwind with the stock trading below major moving averages and negative MACD. The latest earnings call adds near-term uncertainty due to weather-driven guidance pressure, partially mitigated by cost-savings execution and solid liquidity.

To see Spark’s full report on MTN stock, click here.

More about Vail Resorts

Vail Resorts, Inc. operates a global network of destination and regional ski resorts, including major properties such as Vail Mountain, Breckenridge, Park City Mountain and Whistler Blackcomb, along with resorts in Switzerland and Australia. The company also owns and manages hotels, vacation rentals and more than 240 retail and rental locations across North America, targeting ski and mountain leisure travelers.

Average Trading Volume: 869,579

Technical Sentiment Signal: Sell

Current Market Cap: $4.73B

Learn more about MTN stock on TipRanks’ Stock Analysis page.

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