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BRIEF-Vail Resorts Reports Fourth Quarter Results And Provides Fiscal 2020 Outlook

Published 2019-09-26, 04:07 p/m
BRIEF-Vail Resorts Reports Fourth Quarter Results And Provides Fiscal 2020 Outlook

Sept 26 (Reuters) - Vail Resorts Inc MTN.N :

* VAIL RESORTS REPORTS FISCAL 2019 FOURTH QUARTER AND FULL YEAR RESULTS AND PROVIDES FISCAL 2020 OUTLOOK

* PROVIDES FISCAL 2020 OUTLOOK

* VAIL RESORTS - EXPERIENCED RELATIVE WEAKNESS IN INTERNATIONAL VISITATION THROUGHOUT YEAR COMPARED TO PRIOR YEAR, PARTICULARLY AT WHISTLER BLACKCOMB

* QTRLY LOSS PER SHARE $2.22

* QTRLY TOTAL NET REVENUE $244 MILLION VERSUS $211.6 MILLION

* Q4 EARNINGS PER SHARE VIEW $-2.53, REVENUE VIEW $240.1 MILLION -- REFINITIV IBES DATA

* NET INCOME ATTRIBUTABLE TO VAIL RESORTS, INC. IS EXPECTED TO BE BETWEEN $293 MILLION AND $353 MILLION FOR FISCAL 2020

* VAIL RESORTS - SEES FISCAL 2020 RESORT REPORTED EBITDA TO BE BETWEEN $778 MILLION AND $818 MILLION

* VAIL RESORTS - SEES ABOUT $20 MILLION OF ACQUISITION RELATED EXPENSES IN FISCAL 2020 RELATED TO ACQUISITIONS OF PEAK RESORTS, FALLS CREEK & HOTHAM

* SEES FISCAL 2020 TOTAL REPORTED EBITDA $776 MILLION TO $822 MILLION

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