Search
 

Vail Resorts Ends Fiscal Year on Happy Note for Stockholders

DENVER-Vail Resorts Inc.'s earnings for the fourth quarter, and its fiscal year ending July 31, were as slick as its well-groomed slopes at Vail, Breckenridge, Keystone and Beaver Creek. Net income jumps 20% over 1999 figures.

By John Rebchook | Updated on September 28, 2000

DENVER-Vail Resorts Inc.’s earnings for the fourth quarter, and its fiscal year ending July 31, were as slick as its well-groomed slopes at Vail, Breckenridge, Keystone and Beaver Creek.

Vail Resorts, which also owns the Grand Teton Lodge Co. in Jackson, WY, reported fourth quarter revenues, excluding revenues from real estate operations, have totaled $59.6 million, reflecting a 13.7% increase from $52.4 million a year ago. Total revenues, which included real estate operations, have jumped 14.8% to $74.6 million from $64.9 million.

Earnings from resort operations before interest, income taxes, depreciation and amortization for the fourth fiscal quarter have shown a loss of $12.9 million in comparison to a loss of $14.8 million posted for 1999′s fourth fiscal quarter. The fourth quarter reporting also reflects a $16-million loss, equal to 46 cents per share, in comparison to a net loss of $13.5 million or 39 cents a year ago.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.