<p>Vail Resorts（MTN）召开了第一季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>在 Vail Resorts 最近的财报电话会议上，情绪保持平衡，反映出战略营销调整带来的积极成果和改善的财务表现，同时也承认了不利天气条件和停滞的 EBITDA 数据等挑战。会议强调了公司在这些挑战中保持强大财务基础的努力。</p>
<h2>财务表现改善</h2>
<p>Vail Resorts 报告显示，度假村净收入同比增长 4%，主要得益于澳大利亚度假村的游客增加和 Epic Australia 四天通行证的推出。这一增长凸显了公司利用其国际资产提升整体财务表现的能力。</p>
<h2>成功的营销转型</h2>
<p>公司的营销策略证明是有效的，劳动节后通行证销售额增长了 6%。这一成功归功于对付费媒体和社交渠道的战略性使用，展示了 Vail Resorts 在适应市场动态变化方面的能力。</p>
<h2>通行证销售趋势</h2>
<p>尽管通行证单位下降了 2%，但 Vail Resorts 的通行证销售额却增长了 3%。这一积极结果是媒体投资和无限通行证产品价格上涨的结果，表明公司在最大化每单位收入方面的战略重点。</p>
<h2>资源效率转型计划</h2>
<p>公司正朝着实现 7500 万美元的累计效率目标迈进，预计到 2025 财年将实现 3800 万美元的增量节省。该计划突显了 Vail Resorts 对运营效率和成本管理的承诺。</p>
<h2>强劲的资产负债表</h2>
<p>Vail Resorts 维持强健的财务状况，流动性为 15 亿美元，净债务为过去十二个月 EBITDA 的 3.0 倍。这一强劲的资产负债表为公司在经济不确定性中提供了灵活性。</p>
<h2>挑战性的天气条件</h2>
<p>早季在落基山脉和塔霍度假村面临挑战性的天气条件，影响了当地通行证持有者的结果，并导致了缓慢的开局。这突显了业务对天气相关干扰的持续脆弱性。</p>
<h2>度假村报告的 EBITDA 持平</h2>
<p>2023 财年第一季度度假村报告的 EBITDA 同比持平，全年间接费用的典型通胀和增加的营销支出抵消了收益。这反映了公司在平衡增长与必要支出方面的持续努力。</p>
<h2>通行证单位下降</h2>
<p>北美通行证产品销售期结束时单位下降了 2%，尽管这被销售额增长 3% 所抵消。这一趋势表明尽管销量减少，但销售价值向更高的方向转变。</p>
<h2>前瞻性指导</h2>
<p>展望未来，Vail Resorts 重申其净收入指导在 2.01 亿美元至 2.76 亿美元之间，度假村报告的 EBITDA 为 8.42 亿美元至 8.98 亿美元，适用于 2026 财年。公司计划通过 Epic Friends 门票和提前购买折扣等举措提升长期客户终身价值。此外，Vail Resorts 宣布了一项 2.34 亿至 2.39 亿美元的资本投资计划，重点关注提升客户体验和技术改进。</p>
<p>总之，Vail Resorts 的财报电话会议呈现出混合但乐观的前景。尽管公司面临不利天气和 EBITDA 持平等挑战，但战略营销转型和财务谨慎使其在未来增长中处于良好位置。会议强调了公司对可持续增长和价值创造的承诺，为即将到来的财年设定了积极的基调。</p>

<p>Vail Resorts 第一季度的财报电话会议强调，度假村净收入增长了 4%，主要得益于澳大利亚游客的增加和 Epic Australia 通行证的销售。尽管通行证销量下降了 2%，但由于战略营销，销售额增长了 3%。公司计划到 2025 年实现 7500 万美元的效率提升，并保持强劲的流动性。面临的挑战包括恶劣天气和持平的 EBITDA。前瞻性指引预计 2026 财年的净收入为 2.01 亿至 2.76 亿美元，度假村 EBITDA 为 8.42 亿至 8.98 亿美元，并计划进行 2.34 亿至 2.39 亿美元的资本投资</p>

<p>Vail Resorts ((MTN)) has held its Q1 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>Vail Resorts（MTN）召开了第一季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Claim 50% Off TipRanks Premium and Invest with Confidence</h3>
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<li>通过最新的新闻和分析保持市场领先，使您的投资组合始终处于最大潜力的状态</li>
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</div><p>During Vail Resorts’ latest earnings call, the sentiment was balanced, reflecting positive outcomes from strategic marketing adjustments and improved financial performance, while also acknowledging challenges such as adverse weather conditions and stagnant EBITDA figures. The call highlighted the company’s efforts to maintain a strong financial footing amidst these challenges.</p>
<div class="lb-trans"><p>在 Vail Resorts 最近的财报电话会议上，情绪保持平衡，反映出战略营销调整带来的积极成果和改善的财务表现，同时也承认了不利天气条件和停滞的 EBITDA 数据等挑战。会议强调了公司在这些挑战中保持强大财务基础的努力。</p>
</div><h2>Improved Financial Performance</h2>
<div class="lb-trans"><h2>财务表现改善</h2>
</div><p>Vail Resorts reported a 4% increase in resort net revenue year over year, largely driven by enhanced visitation at Australian resorts and the introduction of the Epic Australia four-day pass. This growth underscores the company’s ability to leverage its international assets to boost overall financial performance.</p>
<div class="lb-trans"><p>Vail Resorts 报告显示，度假村净收入同比增长 4%，主要得益于澳大利亚度假村的游客增加和 Epic Australia 四天通行证的推出。这一增长凸显了公司利用其国际资产提升整体财务表现的能力。</p>
</div><h2>Successful Marketing Shifts</h2>
<div class="lb-trans"><h2>成功的营销转型</h2>
</div><p>The company’s marketing strategies have proven effective, with a 6% increase in post-Labor Day pass sales dollars. This success is attributed to the strategic use of paid media and social channels, demonstrating Vail Resorts’ adeptness at adapting to changing market dynamics.</p>
<div class="lb-trans"><p>公司的营销策略证明是有效的，劳动节后通行证销售额增长了 6%。这一成功归功于对付费媒体和社交渠道的战略性使用，展示了 Vail Resorts 在适应市场动态变化方面的能力。</p>
</div><h2>Pass Sales Trends</h2>
<div class="lb-trans"><h2>通行证销售趋势</h2>
</div><p>Despite a 2% decline in pass units, Vail Resorts saw a 3% increase in pass sales dollars. This positive outcome is a result of media investments and higher pricing from unlimited pass products, indicating a strategic focus on maximizing revenue per unit.</p>
<div class="lb-trans"><p>尽管通行证单位下降了 2%，但 Vail Resorts 的通行证销售额却增长了 3%。这一积极结果是媒体投资和无限通行证产品价格上涨的结果，表明公司在最大化每单位收入方面的战略重点。</p>
</div><h2>Resource Efficiency Transformation Plan</h2>
<div class="lb-trans"><h2>资源效率转型计划</h2>
</div><p>The company is on track to achieve $75 million in cumulative efficiencies, with $38 million in incremental savings expected by fiscal year 2025. This plan highlights Vail Resorts’ commitment to operational efficiency and cost management.</p>
<div class="lb-trans"><p>公司正朝着实现 7500 万美元的累计效率目标迈进，预计到 2025 财年将实现 3800 万美元的增量节省。该计划突显了 Vail Resorts 对运营效率和成本管理的承诺。</p>
</div><h2>Strong Balance Sheet</h2>
<div class="lb-trans"><h2>强劲的资产负债表</h2>
</div><p>Vail Resorts maintains a robust financial position with liquidity at $1.5 billion and net debt at 3.0 times trailing twelve months EBITDA. This strong balance sheet provides the company with the flexibility to navigate economic uncertainties.</p>
<div class="lb-trans"><p>Vail Resorts 维持强健的财务状况，流动性为 15 亿美元，净债务为过去十二个月 EBITDA 的 3.0 倍。这一强劲的资产负债表为公司在经济不确定性中提供了灵活性。</p>
</div><h2>Challenging Weather Conditions</h2>
<div class="lb-trans"><h2>挑战性的天气条件</h2>
</div><p>The early season presented challenging weather conditions at the Rockies and Tahoe resorts, impacting local passholder results and contributing to a slow start. This highlights the ongoing vulnerability of the business to weather-related disruptions.</p>
<div class="lb-trans"><p>早季在落基山脉和塔霍度假村面临挑战性的天气条件，影响了当地通行证持有者的结果，并导致了缓慢的开局。这突显了业务对天气相关干扰的持续脆弱性。</p>
</div><h2>Flat Resort Reported EBITDA</h2>
<div class="lb-trans"><h2>度假村报告的 EBITDA 持平</h2>
</div><p>The fiscal first quarter saw flat resort reported EBITDA year over year, with typical inflation in year-round overhead costs and increased marketing spend offsetting gains. This reflects the company’s ongoing efforts to balance growth with necessary expenditures.</p>
<div class="lb-trans"><p>2023 财年第一季度度假村报告的 EBITDA 同比持平，全年间接费用的典型通胀和增加的营销支出抵消了收益。这反映了公司在平衡增长与必要支出方面的持续努力。</p>
</div><h2>Decline in Pass Units</h2>
<div class="lb-trans"><h2>通行证单位下降</h2>
</div><p>The North American pass product selling period concluded with a 2% decline in units, though this was offset by a 3% increase in sales dollars. This trend indicates a shift towards higher-value sales, despite a reduction in volume.</p>
<div class="lb-trans"><p>北美通行证产品销售期结束时单位下降了 2%，尽管这被销售额增长 3% 所抵消。这一趋势表明尽管销量减少，但销售价值向更高的方向转变。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Vail Resorts reiterated its guidance for net income between $201 million and $276 million, and Resort reported EBITDA of $842 million to $898 million for fiscal year 2026. The company plans to enhance long-term guest lifetime value through initiatives like the Epic Friends tickets and advance purchase discounts. Additionally, Vail Resorts announced a capital investment plan of $234 million to $239 million, focusing on guest experience enhancements and technology improvements.</p>
<div class="lb-trans"><p>展望未来，Vail Resorts 重申其净收入指导在 2.01 亿美元至 2.76 亿美元之间，度假村报告的 EBITDA 为 8.42 亿美元至 8.98 亿美元，适用于 2026 财年。公司计划通过 Epic Friends 门票和提前购买折扣等举措提升长期客户终身价值。此外，Vail Resorts 宣布了一项 2.34 亿至 2.39 亿美元的资本投资计划，重点关注提升客户体验和技术改进。</p>
</div><p>In conclusion, Vail Resorts’ earnings call presented a mixed yet optimistic outlook. While the company faces challenges such as adverse weather and flat EBITDA, strategic marketing shifts and financial prudence have positioned it well for future growth. The call emphasized the company’s commitment to sustainable growth and value creation, setting a positive tone for the upcoming fiscal year.</p>
<div class="lb-trans"><p>总之，Vail Resorts 的财报电话会议呈现出混合但乐观的前景。尽管公司面临不利天气和 EBITDA 持平等挑战，但战略营销转型和财务谨慎使其在未来增长中处于良好位置。会议强调了公司对可持续增长和价值创造的承诺，为即将到来的财年设定了积极的基调。</p>
</div>

Vail Resorts 财报电话会议：在挑战中实现战略性收益