- Vail Resorts (NYSE:MTN) is higher in premarket action after showing stronger numbers for FQ2 than anticipated.
- The company's lift revenue jumped 25% as the Whistler acquisition kicked in.
- A 7.7% increase in ticket prices also helped to lift the bottom line.
- The company notes a significant drop in visits from Mexican tourists during the quarter.
- Resort EBITDA increased 26.1% Y/Y to $305.2M.
- Season-to-date metrics (through March 5): Lift revenue +6.7%, ancillary spending +5.2%, skier visits -4.0%.
- MTN +3.64% premarket to $187.00.