Vail Resorts, Inc. reported its fiscal second quarter 2025 results on March 10, 2025, showing an 8% growth in Resort Reported EBITDA compared to the prior year. North American visitation was slightly above prior year levels due to improved conditions, though impacted by industry demand normalization and a shift in destination guest visitation to the spring.
The company reaffirmed its progress on the two-year Resource Efficiency Transformation Plan, which remains on track to achieve $100 million in annualized cost efficiencies by the end of fiscal year 2026. Ancillary spend per destination guest visit was strong across ski school and dining businesses, despite a lower mix of destination visitation.
Vail Resorts updated its fiscal 2025 net income guidance to between $257 million and $309 million, while Resort Reported EBITDA guidance was adjusted to $841 million to $877 million, reflecting a $7 million impact from foreign exchange rates. The company also declared a quarterly cash dividend of $2.22 per share and reaffirmed its calendar year 2025 capital plan of $249 million to $254 million, including significant investments in resort infrastructure and technology.
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