Vail Resorts on Thursday updated its guidance range for the nine-month period ending April 30, 2021.
The company now expects net income attributable to Vail Resorts, Inc. to be between $258 million and $280 million and Resort Reported EBITDA (earnings before interest, taxes, depreciation and amoritization) to be between $636 million and $650 million.
“We are increasing our guidance primarily as a result of stronger than expected performance in March and April,“ said Vail Resorts CEO Rob Katz in a news release. ”Despite the challenging operating environment as a result of COVID-19 related limitations, our results continued to improve as the season progressed, primarily driven by the performance of our Colorado and Utah resorts where visitation, including lift ticket purchases, exceeded expectations.“