Vail Resorts Can't Handle the Summer Heat

Every year, Vail Resorts (NYSE: MTN) goes through the same seasonal fluctuations that most of its ski-resort-operator peers endure. Even though the company has taken steps to encourage summer visits and has also taken on an Australian ski resort that enjoys Southern Hemisphere winters beginning in June, investors can generally count on the summer quarter each year to be a tough one for Vail Resorts' bottom line.

Coming into Thursday's fiscal fourth-quarter financial report, Vail Resorts investors had no expectations that the company would avoid its typical red ink, but they did want to see evidence of solid revenue gains and encouraging early sales of season tickets for the coming ski season. Vail's losses weren't as bad as anticipated, but revenue gains didn't live up to expectations, and some worry that the resort operator's fiscal 2018 projections suggest slowing growth for the future. Let's take a closer look at Vail Resorts to see what the company said.

Image source: Vail Resorts.

Source: Fool.com