Vail Resorts Trims Fiscal 2013 Profit Forecast

BROOMFIELD, Colo. (AP) – Vail Resorts Inc. is trimming its profit forecast for fiscal 2013, after reporting weak snowfall through mid-December at its Colorado ski resorts.

The company said Tuesday that lift ticket revenue through Jan. 13 at its seven resorts in Colorado and the Lake Tahoe area was up 4.3 percent from a comparable period last season, and skier visits were up 2 percent, thanks to a strong holiday period when more snow started falling. Ski school, dining, and retail and rental revenue also rose.

Those numbers don’t include newly acquired Afton Alps and Mount Brighton in the Midwest.

Vail Resorts now expects a net income of $39 million to $49 million for fiscal 2013, down from an earlier forecast of $50 million to $60 million.

The company also weathered weak snowfall last season.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Denver

NEWS TEAM
Send A News Tip

Listen Live

AM/FM Stations

Featured Shows & Multimedia