Spike in visits to Heavenly help Vail Resorts’ bottom line
By Mark Harden, Denver Business Journal
More skier visits and higher ticket prices helped lift profits for Vail Resorts Inc. in its latest quarter.
The Broomfield-based ski resort and lodgings operator and real estate company (NYSE: MTN) reported results Wednesday for the quarter ending April 30, which it regards as its fiscal third quarter.
Skier visits were up at Heavenly Mountain Resort this winter. Photo/Kathryn Reed
Net income attributable to the company for the quarter was $72.8 million, or $1.98 cents a share, up 18.1 percent from $61.6 million, or $1.68 cents a share, a year earlier. Those earnings topped analysts’ expectations of $1.83 a share, Thomson Reuters reported.