Vail Resorts, Inc. ( MTN ) reported its fourth-quarter financial results after Thursday's closing bell. Here's a look at the details from the report. 

The Details: Vail Resorts ( MTN ) reported quarterly losses of $4.67 per share, which missed the analyst consensus estimate for losses of $4.25. Quarterly revenue clocked in at $265.39 million, which beat the analyst consensus estimate of $264.54 million.

“Our overall results for the year highlight the stability and resilience of our advance commitment strategy,” said Vail Resorts ( MTN ) CEO Kirsten Lynch.

“Skier visitation declined 9.5% compared to the prior year, driven by unfavorable conditions across our resorts in North America and Australia, combined with the impact of broader industry normalization post-COVID following record visitation in North America during the 2022/2023 ski season,” Lynch noted.

“In North America, snowfall across our western resorts was down 28% from the prior year and our eastern U.S. resorts experienced limited natural snow and variable temperatures,” she added.

Read Next: Expect Healthy Online Spending This Holiday Season, Says Analyst: What To Know 

The company also announced a $100 million transformation plan which includes position eliminations impacting less than 2% of the company’s total workforce. The workforce reduction includes 14% of its corporate workforce and less than 1% of the company’s operations workforce, with a 0.2% impact on frontline roles.

“We believe this is a natural progression and next step for our company, that builds upon our success and paves the way for the next phase of growth,” said Lynch. “Our mission: to create an Experience of a Lifetime for our employees and our guests, galvanizes our company, as does our commitment to reinvesting for growth.”

Outlook: Vail Resorts ( MTN ) sees fiscal year 2025 revenue of $3.03 billion, versus the $3.01 billion estimate.

MTN Price Action: According to Benzinga Pro, Vail Resorts ( MTN ) shares are down 0.77% after-hours at $186.50 at the time of publication Thursday. 

Read Also:

What’s Going On With Snowflake Stock?