![]() of $139.3 million in the same period in the prior year. was $137.0 million for the first quarter of fiscal 2023 compared to a net loss attributable to Vail Resorts, Inc. ![]() Net loss attributable to Vail Resorts, Inc. ![]() (NYSE: MTN) today reported results for the first quarter of fiscal 2023 ended October 31, 2022, provided season pass sales results, reaffirmed its guidance for Resort Reported EBITDA for fiscal 2023, provided additional detail on its calendar year 2023 capital plan and declared a dividend payable in January 2023. We are pleased with our results for the quarter.” The quarter’s results are primarily driven by winter operating results from our Australian resorts and our North American resorts’ summer activities, dining, retail/rental and lodging operations, and administrative expenses. “Our first fiscal quarter historically operates at a loss, given that our North American and European mountain resorts are generally not open for ski season operations during the period. The company traditionally posts a loss for the first fiscal quarter, and were pleased with this quarter’s results. Retail/rental revenue was $40.3 million, an increase of 42.2%.Dining revenue was $19.4 million, an increase of 55.3%.Ski school revenue was $8.9 million, an increase of 506%.Lift revenue was $59.5 million for the three months to July 31st, an increase 315.5% over the same period last year (due to favorable snow conditions in Australia and New Zealand.).Net loss was $137 million compared to $139.3 million the previous year.Net revenue was $279.4 million, compared to $175.6 million for the same quarter last year.“Sales of Epic and Epic Local passes are consistent with our expectations and with the trend seen in our September results, with unit sales declining by 12% relative to the prior year and increasing 39% over the last two years and 55% over the last three years.” However, it is an increase of 6% on the same period last year and of 39% over the last two years and 55% over the last three years. Vail Resorts sold 2.3 million Epic Pass products for the 2022/23 season, which is down by 12% over last year. Related: Top 10 Most Expensive Lift Tickets in North America.Vail Resorts yesterday reported financial results for the first quarter of fiscal 2023, which ended October 31st, 2022. Man skiing in his finest business attire at a Vail Resorts ski area.
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