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Article Date: September 2020
Word Count: 215

Vail Resorts Drops in Q4, but Plans Full Opening for 20/21


Retail and rental revenue dropped 69% to $10,538,000 in the seasonally small final quarter ended Jul. 31 from $34,407,000 last year, as the summer season at MTN’s North American resorts got off to a slow start due to travel restrictions in Canada, which was closed to international visitors, but was gradually improving through July. Retail cost of sales was $7,757,000 from $17,114,000, implying a gross margin that was nearly halved. In Australia, the ski season suffered from light snowfall and shortened season when the government shut down resorts in July, just weeks after they opened. Overall, Vail Resorts’ net loss ... Log in to view full article.

 


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