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  • Activist Stockholders (new) — The company received two nominations totaling five director candidates for the 2026 annual meeting, indicating potential board-level challenges.
NYSE: MTN VAIL RESORTS INC 10-K

Full-year net income of $147.5M against $280.0M a year earlier; Vail Resorts' profit falls 47% as skier visits drop 13% and pass sales weaken

Filed September 28, 2026 · Period ending July 31, 2026 · Compared to 10-K Sep 29, 2025 · ~1 min read

Key Changes

  • high

    Net income fell 47.3% to $147.5 million, with diluted EPS down 45.3% to $4.12, as total revenue declined 4.3% to $2.84 billion.

    MD&A / EPS view on EDGAR →
  • high

    Skier visits dropped 13.4% and Resort Reported EBITDA fell 11.7% due to record-low snowfall and warm temperatures.

  • high

    Early-season pass sales for 2026/2027 are down 12% in units and 6% in dollars, signaling weaker demand ahead.

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 3, 2026 · How we verify