A family-owned daily newspaper serving Riverton, Lander and Fremont County, Wyoming since 1949

Vail Resorts third-quarter net income, spring pass sales up

Jun 13, 2013 - The Associated Press

BROOMFIELD, Colo. --Vail Resorts said June 6 that its earnings rose 23 percent in its fiscal third quarter, as late spring snow helped boost skier visits to its Colorado resorts and visitors proved willing to spend on food, lessons and gear.

The Broomfield-based company reported net income of $97.6 million, or $2.66 per share, for the three months that ended April 30. That's up from $79.5 million, or $2.17 per share, during the same period last year. Analysts had forecast earnings of $2.74 per share.

Revenue climbed 12 percent to $469.7 million.

Vail Resorts Inc. operates the Vail, Beaver Creek, Breckenridge and Keystone resorts in Colorado; Heavenly, Northstar and Kirkwood in the Lake Tahoe area; Afton Alps in Minnesota; Mount Brighton in Michigan; and Grand Teton Lodge Co. in the Jackson area. Last month, it announced it has reached a deal to also operate Canyons in Park City, Utah.

Excluding recently purchased Kirkwood, Afton Alps and Mount Brighton, skier visits climbed 9.1 percent from a year ago. Visits to the company's Colorado resorts were up 11.8 percent, but Heavenly and Northstar together saw a 0.4 percent decline in skier visits after an unusually warm, dry spring, Vail Resorts said.

Get your copy of The Ranger online, every day! If you are a current print subscriber and want to also access dailyranger.com online (there is nothing more to purchase) including being able to download The Mining and Energy Edition, click here. Looking to start a new online subscription to dailyranger.com (even if it is for just one day)? Access our secure SSL encrypted server and start your subscription now by clicking here.

County Weather

Photo Gallery

Twitter Feed (Follow Us!)

Contact Us  © 2017 Riverton Ranger, Inc.