Vail Resorts trims fiscal 2013 profit forecast | TahoeDailyTribune.com
YOUR AD HERE »

Vail Resorts trims fiscal 2013 profit forecast

BROOMFIELD, Colo. (AP) – Vail Resorts Inc. is trimming its profit forecast for fiscal 2013, after reporting weak snowfall through mid-December at its Colorado ski resorts.

The company said Tuesday that lift ticket revenue through Jan. 13 at its seven resorts in Colorado and the Lake Tahoe area was up 4.3 percent from a comparable period last season, and skier visits were up 2 percent, thanks to a strong holiday period when more snow started falling. Ski school, dining, and retail and rental revenue also rose.

Those numbers don’t include newly acquired Afton Alps and Mount Brighton in the Midwest.

Vail Resorts now expects a net income of $39 million to $49 million for fiscal 2013, down from an earlier forecast of $50 million to $60 million.

The company also weathered weak snowfall last season.


Support Local Journalism

Support Local Journalism

Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

For tax deductible donations, click here.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User