Over the next two years, Vail Resorts plans to lay off 14% of its corporate workforce, under 1% of its operations workforce.

Key Takeaways Vail Resorts announced a "transformation plan" that will include cutting 14% of its corporate workforce.CEO Kirsten Lynch called the changes a "natural progression" as the ski resort operator grows.

EPS: US$6.08 (down from US$6.76 in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.4%. Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.

Vail Resorts, the world’s largest owner of ski resorts, is letting go 14% of its corporate employees and less than 2% of its total workforce as part of an efficiency drive.

During its most recent earnings call, Park City Mountain owner Vail Resorts announced it is cutting some jobs to generate savings.

MTN's fiscal fourth-quarter performance reflects a decline in skier visits owing to unfavorable weather conditions.

Broomfield-based Vail Resorts announced to investors on Thursday that it would lay off 14% of its corporate workforce and under 1% of its operations workforce.

Vail Resorts (NYSE: MTN) announced fiscal fourth-quarter 2024 results after the market closed yesterday, and investors weren't impressed with the news. Revenue was down 1.6% to $265.4 million, and net loss ballooned from $128.