Vail Resorts reported fiscal 2019 fourth-quarter earnings and revenue that surpassed analysts’ expectations.
The ski-resort operator reported a loss of -$2.22 a share for the quarter, narrower than the Street's estimate of a -$2.53 loss.
The company’s revenue of $244 million also came in higher than analysts' $240.1 million forecast.
Looking ahead, Vail predicts that its fiscal full-year 2020 earnings before interest, taxes, depreciation and amortization would range between $778 million and $818 million.
CEO Rob Katz emphasized that there had been strong growth in visitation and spending compared to the prior year. Katz mentioned that Vail’s results throughout fiscal 2019 reflect the growth and stability resulting from its season pass, tailwinds from its geographic diversification, and the success of its data-driven marketing efforts.