Vail Resorts’ Retail Slows in Q3
Retail and rental revenues in the fiscal third quarter ended Apr. 30 were 9% lower at $123,262,000 compared to $135,008,000 last year, primarily driven by exiting certain store leases, which reduced sales by about $7.8 million. Fewer skier visits at its on-mountain retail outlets and unfavorable weather conditions across its N.A. resorts for a large portion of the 23/24 ski season also contributed to the decline. Implied gross margin ... Log in to view full article.
