Vail Resorts Earnings: A Preview
Investors have lofty expectations heading into the Vail Resorts (NYSE: MTN) earnings report on Thursday, Sept. 26. The global ski resort giant increased its earnings guidance twice so far this fiscal year, and that positive momentum has supported the stock price lately, with returns inching toward the broader market's 20%.
On Thursday, Vail isn't likely to announce robust sales, since the fourth-quarter fiscal period spans the summer months that mark a seasonal low for the business. Still, the latest trends on season-pass sales will determine the targets that management issues for the new fiscal year. Investors will also receive key updates on Vail's capital spending programs aimed at reducing its exposure to poor snow conditions.
Let's take a closer look.
Source Fool.com
