Vail Resorts posts wider 4Q loss, but better revenue
By Lisa Levin, Benzinga
Vail Resorts reported a wider fiscal fourth-quarter loss. However, the company reported better-than-expected quarterly revenue.
The Broomfield, Colo.-based company posted a quarterly loss of $75.4 million, or $2.08 per share, versus a year-ago loss of $59.9 million, or $1.67 per share. The recent quarter results included a debt-extinguishment loss of $10.8 million.
Its revenue surged 21 percent to $135.5 million. However, analysts were estimating a loss of $1.95 per share on revenue of $127.10 million.
Sales of season passes for the upcoming 2014-15 ski season through Sept. 21 rose about 14 percent in units and 18 percent in sales dollars.
