Vail Resorts has expanded at a tremendous pace in just the past decade, growing from just 10 owned and operated resorts to the 42 mountain resorts they own now.

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 after reporting a widening loss in the final months of fiscal 2024.

Vail Resorts is cutting 14 percent of its corporate staff as its revenue tumbles. The layoffs are expected to save the company $100 million over the next

Vail Resorts plans to lay off 14% of its corporate workforce and about 1% of its operations staff as part of a two-year “transformation plan” aimed at reversing downward revenue and earnings trends.

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.