Vail Resorts Inc. (NYSE:MTN) on Monday posted downbeat earnings for the second quarter and reduced its fiscal 2026 guidance.

Vail Resorts reported quarterly earnings of $5.87 per share, which missed the Street consensus of $6.21, according to Benzinga Pro data. Quarterly revenue came in at $1.08 billion, which missed the analyst consensus estimate of $1.113 billion and was down from $1.14 billion in the same period last year.

"This has been the most challenging winter across the Rockies that we have ever experienced, with the lowest snowfall levels in more than 30 years for our Colorado and Utah resorts, combined with warmer temperatures, resulting in reduced terrain throughout the quarter and into February," said CEO Rob Katz.

Vail Resorts reduced its fiscal 2026 guidance and is expecting net income of $144 million to $190 million and reported EBITDA of $745 million to $775 million.

Vail Resorts shares rose 3.5% to trade at $137.58 on Tuesday.

These analysts made changes to their price targets on Vail Resorts following earnings announcement.

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