Vail Resorts (NYSE: MTN) shareholders have trailed the market through most of 2019 despite generally strong results from the global ski resort giant. Revenue and profits each set new records in the most recent fiscal year as Vail overcame weak international visitation by marketing better to local skiers in and around the Rocky Mountains.
Executives said back in September that booking trends looked healthy heading into the 2019/2020 ski season, and investors will get key updates on booking trends for season passes and lodging stays when Vail reports its fiscal first-quarter results on Monday, Dec. 9.
Let’s take a look at the metrics Wall Street will be watching in that announcement.
Image source: Getty Images.
The fiscal first quarter is Vail’s weakest sales period, since its North American resorts aren’t open for ski operations during that time. Revenue last year, for example, was just $220 million compared to more than $800 million in the second quarter.
Yet Vail’s global base of…