Stock Market Live June 24, 2026: S&P 500 (SPY) Attempting to Regain Momentum
Q1 26 EPS
$-5.20
MISS 0.57%
Est. $-5.17
Q1 26 Revenue
$271.0M
MISS 2.36%
Est. $277.6M
vs S&P Since Q1 26
-2.6%
TRAILING MARKET
MTN +3.8% vs S&P +6.4%
Market Reaction
Did MTN Beat Earnings? Q1 2026 Results
Vail Resorts posted a modest miss on both the top and bottom lines for its fiscal first quarter of 2026, a period that represents the company's structural off-season and routinely produces losses. The ski resort operator reported a diluted loss per s… Read more Vail Resorts posted a modest miss on both the top and bottom lines for its fiscal first quarter of 2026, a period that represents the company's structural off-season and routinely produces losses. The ski resort operator reported a diluted loss per share of $5.20, fractionally worse than the $5.17 consensus estimate, while revenue of $271.03 million trailed analyst expectations of $277.59 million by 2.36%, even as it grew 4.1% year over year. The net loss widened to $186.75 million from $173.25 million a year ago, driven in large part by higher interest expense of $51.29 million compared to $42.80 million in the prior-year period. Separately, early North American season pass data through December 5 offered mixed signals, with unit sales down approximately 2% though dollar sales rose approximately 3% on a 7% price increase. Shares faced additional pressure from concerns about below-average snowfall at key western resorts, though management reaffirmed full-year Resort Reported EBITDA guidance of $842 million to $898 million, signaling confidence that the season can recover.
Key Takeaways
- • Improved visitation at Australian ski resorts due to favorable weather conditions and Epic Australia Day Pass introduction
- • 7% price increase on season pass products drove 3% increase in pass sales dollars despite 2% unit decline
- • Resource Efficiency Transformation cost savings partially offsetting inflation
- • Total skier visits increased 34.9% to 739,000 driven by Australian season
- • Increased marketing spend and updated marketing strategy improved late-period pass product sales trends
MTN YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
MTN Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our first quarter results were in line with our expectations and importantly, we're seeing encouraging early momentum from our key initiatives to drive visitation during the 2025/2026 ski season, deepen our guest engagement, and create exceptional guest experiences.”
— Rob Katz, Q1 2026 Earnings Press Release
MTN Earnings Trends
MTN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MTN EPS Trend
Earnings per share: estimate vs actual
MTN Revenue Trend
Quarterly revenue: estimate vs actual
MTN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 MISS | $9.00 | $8.81 | -2.11% | $1.21B | -0.29% |
| Q2 26 MISS | $6.15 | $5.87 | -4.62% | $1.08B | -2.09% |
| Q1 26 MISS | $-5.17 | $-5.20 | -0.57% | $271.0M | -2.36% |
| Q4 25 MISS FY | $-4.72 | $-5.08 | -7.71% | $271.3M | -1.77% |
| FY Full Year | $7.74 | $7.53 | -2.69% | $2.96B | -0.05% |
| Q3 25 BEAT | $10.06 | $10.54 | +4.74% | $1.30B | -0.45% |