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Pastimes : Alpine Skiing

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From: ~digs	12/9/2013 8:00:30 PM
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4:03 pm Vail Resorts reports larger than expected Q1 net loss,beats on revs; reaffirms FY14 EBITDA guidance ( MTN): Reports Q1 (Oct) loss of $2.04 per share, $0.13 worse than the Capital IQ Consensus Estimate of ($1.91); revenues rose 6.0%year/year to $123.4 mln vs the $121.19 mln consensus. Sales of season passes through December 7, 2013 for the upcoming 2013/2014ski season were up ~ 13% in units and ~16% in sales dollars versus the comparable period in the prior year. "Our guidance, issued in September, of Resort Reported EBITDA between $280 million and $295 million remains unchanged and would result in 16.3% to 22.5% growth from fiscal year 2013. It is important to note that included in our estimates for fiscal 2014 Resort Reported EBITDA is an estimated $7.2 million of integration and litigation related expenses, including an estimated $5.0million in fees associated with the Park City Mountain Resort litigation."

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