Vail Resorts Q2 Misses Estimates, Cuts 2026 Guidance and Launches Gen Z Pass
Vail Resorts reported Q2 adjusted EPS of $5.87 versus $6.25 expected and revenue of $1.08 billion versus $1.12 billion, blaming the lowest snowfall in 30 years for a 13% slide in skier visits. It cut 2026 income guidance to $144 million–$190 million and launched a discounted Epic Pass for ages 13–30 to tap Gen Z.
1. Q2 Earnings Shortfall
Vail Resorts posted adjusted earnings per share of $5.87 for the quarter ended January 31, missing the $6.25 consensus and delivering $1.08 billion in revenue, $40 million below estimates.
2. Weather-Driven Visitation Decline
The lowest snowfall in over 30 years at its Colorado and Utah resorts limited terrain availability, driving a 13% drop in skier visits and pressuring lift revenue.
3. Revised 2026 Guidance
Management cut full-year net income outlook to $144 million–$190 million and trimmed Resort Reported EBITDA targets to $745 million–$775 million, reflecting ongoing warm temperatures and snow shortages across key ski areas.
4. Gen Z Discount Pass Launch
To broaden its customer base, Vail launched a discounted Epic Pass for skiers aged 13 to 30, aiming to boost Gen Z engagement as millennial spending softens.