BROOMFIELD, Colo. (AP) — Shares of Vail Resorts are falling after the ski resort company lowered one of its full-year forecasts because of fewer guests in early December.
The Broomfield, Colorado-based company said Friday that it now anticipates fiscal 2019 resort reported EBITDA — or earnings before interest, taxes, depreciation and amortization — to be slightly below the low end of its prior range of $718 million to $750 million.
Vail said its resorts in Whistler Blackcomb, British Columbia and Lake Tahoe in particular also suffered over the holidays from “increased weather variability.”
The stock dropped $25.39, or 11.8 percent, to $189.24 in morning trading. Earlier shares traded at $181.96, their lowest point since March 2017.
Most Read Business Stories
- FBI joining criminal investigation into certification of Boeing 737 MAX
- Flawed analysis, failed oversight: How Boeing, FAA certified the suspect 737 MAX flight control system | Times Watchdog
- Doomed jets lacked 2 key safety features that Boeing sold only as extras
- Belltown penthouse is region’s priciest condo sale ever — and new owners won't even live there
- Boeing pauses 737 production lines in Renton to catch up on delayed work