Vail Resorts Issues an Icy Ski Season Update
Vail Resorts (NYSE: MTN) shareholders are used to experiencing plenty of stock price volatility in the winter months. That period drives a huge portion of the company's fiscal-year results, and the North American snowfall levels are a significant factor. As a result, investors closely follow management's comments during the season, such as its fiscal first-quarter report, which it makes in late December.
Vail issued another of those important updates on Friday, this time revealing that its growth trends had been stifled by unusually low snowfall in some key geographies over the last few weeks.
Image source: Getty Images.
Source Fool.com
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