Friday September 22, 2023
The Best Employers in Sports Survey is Now Open!

Vail Resorts Reports $2.5B Fourth Quarter

  • The Colorado-based company operates more than 35 resorts and ski areas .
  • The company’s total cash and revolver availability as of July 31 was roughly $1.7 billion.
Vail Resorts
Front Office Sports Today

Could Promotion-Relegation work in College Football?

The proposal aims to create an exciting media product while reducing travel for non-football sports.
Listen Now
September 21, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

Vail Resorts continues to post favorable earnings despite pandemic-related restrictions. 

The Colorado-based company — which operates more than 35 resorts and ski areas — generated $2.5 billion in revenue in fiscal Q4 2022, a 32.3% increase year-over-year and its highest figure since 2009. 

  • Net income reached $347.9 million in fiscal Q4, up from $127.9 million in Q4 2021.
  • The company’s total cash and revolver availability as of July 31 was roughly $1.7 billion.
  • Its mountain segment generated $1.3 billion in revenue in Q4, up 21.7% year-over-year.
  • The company’s lodging segment saw revenue increase by $101.8 million compared to Q4 2021.

Vail Resorts has announced plans to invest $175 million in its employees across all of its North American resorts, including increasing the company’s minimum wage to $20 per hour. 

Last year, Vail Resorts announced a $315 million-to-$325 million capital plan that will add 18 new or replacement lifts across 12 resorts ahead of the 2022-23 ski season. 

Growing Portfolio 

Vail Resorts has maintained its momentum during the pandemic through acquisitions. 

In December 2021, the company acquired Seven Springs Mountain Resort in Champion, Pennsylvania, for $118 million. The deal included Hidden Valley Resort and the operations of Laurel Mountain Ski Area, both located near Pittsburgh.

Last month, Vail Resorts closed its first strategic investment in Europe, the acquisition of a majority stake (55%) in Andermatt-Sedrun Sport AG, the largest ski area in Central Switzerland.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Ottawa-Senators

Andlauer Completes Record $950M Senators Acquisition

Long-awaited pact follows three months of due diligence, league review

FIFA, Kroenke Clash Over SoFi Stadium's World Cup Revenue Sharing

SoFi Stadium's hosting of World Cup matches may be in jeopardy.

TKO Makes First Big Move After WWE-UFC Merger

Investors drop TKO shares by 15% following SmackDown rights deal
LIV Golf flag pin

Saudi Prince Dismisses Sportswashing Claims Post Newcastle, LIV Golf

Saudi Arabia’s Crown Prince Mohammed bin Salman is bullish on sports.
podcast thumbnail mobile
Front Office Sports Today

Could Promotion-Relegation work in College Football?

0:00
0:00

Featured Today

Teams without secured venue situations could be left out of a potential XFL-USFL merger.

XFL-USFL Merger Could Drop Teams, Change League Name

Teams without secured venues could be cut from a XFL-USFL merger.
September 21, 2023

Rupert Murdoch's Exit Leaves Lasting Fox Sports Legacy

Rupert Murdoch steps down as chairman of Fox Corp. and News Corp.
Could ESPN lose events such as the NBA Finals if it sold ABC.
September 21, 2023

Selling ABC Poses Billion-Dollar Dilemma for Disney and ESPN's Future

Losing ABC would create complications as ESPN enters NBA rights negotiations.
Boise State Broncos running back Ashton Jeanty (2) runs the ball against the North Dakota Fighting Hawks during the first half at Albertsons Stadium.
exclusive
September 20, 2023

The First Official Proposal for Promotion-Relegation In College Football

Realignment is forcing Group of 5 schools to rethink their structure.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
June 30, 2023

Nike To Revive Kobe Signature Shoe Line

Late HOFer will again be the center of a signature shoe line.
At Dick's Sporting Goods in Fairless Hills, Store Administrative Assistant Christine Vandfermay, of Philadelphia, restocks some Philadelphia Eagles items.
May 23, 2023

Dick’s Sporting Goods Sees Modest Growth, Less Foot Traffic

Dick's Sporting Goods saw a 5.3% increase in net sales in Q1.
Hellen Obiri of Kenya crosses the finish line to win the women's division at the 2023 Boston Marathon.
May 16, 2023

On Wants More Star Power, Visibility for Next Growth Phase

On is looking to grow through tennis and other verticals.
Topgolf
May 11, 2023

Topgolf Callaway Lowers Sales Expectations

Callaway cut its profit forecast for this year.
Endeavor
May 10, 2023

Endeavor Posts Record Quarter Amid UFC-WWE Merger Plans

Endeavor bought WWE in April, it also sold its IMG for $1.25B.
Barstool Sportsbook is owned by Penn Entertainment.
May 5, 2023

Penn Clashes With Barstool After Firing, Earnings Miss

Penn Entertainment's earnings missed and the company clashed with Barstool.
A view of the outside of Adidas' flagship store in Shanghai.
May 5, 2023

Adidas Beats Revenue Expectations Despite Costly Yeezy Struggles

CEO admits that the loss of Yeezy is “of course hurting us.”