Vail Resorts guided to fiscal 2027 net income attributable to Vail Resorts of $158 million to $233 million and resort reported EBITDA of $805 million to $865 million, including approximately $14 million of onetime costs, CFO Angela Korch said on the company's Q4 2026 earnings call. The outlook assumes the company recaptures a meaningful portion of lower pass visitation through increased lift ticket visitation, with pass units down 12%, days sold down 10% and sales dollars including tax down 6% through September 18, and management saying it does not expect overall improvement during the rest of the selling season. Fiscal 2026 resort reported EBITDA came in at $746 million, in line with the midpoint of the June range, as total lift revenue fell only 3.5% despite a 30% decline in skier visitation, supported by 4% growth in pass revenue. The guidance incorporates labor and expense inflation of approximately 4%, about $20 million from normalization of incentive compensation and approximately $10 million of incremental marketing investments, while CEO and Executive Chairman Robert Katz said the company remains on track to exceed its original $100 million annual savings target and announced an additional $30 million of identified technology-related efficiencies expected by fiscal 2028. Katz also said the company has received notices of intent to nominate individuals for election to its Board of Directors and that it would not answer questions on the topic, and he noted post-Labor Day pass sales trends improved by approximately 5 points.
Vail Resorts IncFY2027 resort EBITDA guidance of $805M-$865M versus FY2026's $746M, plus exceeding the $100M savings target and an additional $30M of technology efficiencies.
