BROOMFIELD, Colo. , Sept. 26, 2024 /CNW/ -- Vail Resorts, Inc.
(NYSE: MTN) today reported results for the fourth quarter and fiscal year ended July 31, 2024 and reported results of season-to-date pass product sales. Vail Resorts also provided its outlook for the fiscal year ending July 31, 2025 , announced a $100 million multi-year resource efficiency transformation plan, declared a dividend payable in October 2024 and announced share repurchases completed during the fourth quarter. Highlights Commenting on the Company's fiscal 2024 results, Kirsten Lynch , Chief Executive Officer, said, "Our overall results for the year highlight the stability and resilience of our advance commitment strategy.
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. 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. Despite industry normalization and challenging conditions, Resort Reported EBITDA, excluding the impact of the Crans-Montana acquisition, remained consistent with prior year results.
Performance was supported by strong growth in ancillary spending per visit across ski school, dining, and rental businesses at our resorts, and .