Vail Resorts Inc (NYSE:MTN) stock rose 7.83% (As on March 11, 11:19:00 AM UTC-4, Source: Google Finance) after the company posted mixed result for the second quarter of FY25. Vail Resorts reported a consolidated EBITDA of $458.1 million in the fiscal quarter, up from $423.5 million reported in the year-ago quarter. Operating expenses totaled $679.9 million compared with $653.8 million reported in the year-ago quarter. Cash and cash equivalents as of Jan. 31, 2025, totaled $488.2 million compared with $812.2 million reported in the year-ago quarter. Net long-term debt amounted to $2.11 billion at the end of the fiscal second quarter compared with $2.72 billion as of Jan. 31, 2024. As of Jan. 31, 2025, the company had total cash and revolver availability of approximately $1.7 billion. This includes $488 million cash in hand, $509 million of U.S. revolver availability under the Vail Holdings Credit Agreement and $204 million of revolver availability under the Whistler Credit Agreement.

Moreover, Season-to-date skier visits declined by 2.5% year over year, while total lift ticket revenues (including an allocated portion of season pass revenues) increased 4.1% year over year. Ski school and dining revenues reported growth of 3.0% and 3.1%, respectively, whereas retail and rental revenues for North American resort locations declined by 2.9% year over year. Strong local visitation (driven by improved early-season conditions) and solid ancillary spending per destination guest, particularly in ski school and dining, added to the positives. The company stated that destination visitation was impacted by industry demand normalization and a shift in guest travel to the spring.

MTN in the second quarter of FY25 has reported the adjusted earnings per share of $6.56, beating the analysts’ estimates for the adjusted earnings per share of $6.29, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 5.5 percent to $1.14 billion in the second quarter of FY25, missing the analysts’ estimates for revenue by 0.06%.

In fiscal 2025, net income (attributable to Vail Resorts) is now estimated in the range of $257-$309 million, compared with the prior expected band of $240-$316 million. Total reported EBITDA is now expected to be between $854 million and $896 million, compared with the prior expected range of $844-$906 million. Resorts reported EBITDA is expected in the range of $841 million to $877 million compared with the previous expectation of $838-$894 million. Resorts reported an EBITDA margin is anticipated to be 28.8%, using the midpoint of the guidance.