Vail’s financial performance slid in fourth quarter, full-year 2023

BROOMFIELD — Vail Resorts Inc. (NYSE: MTN) posted lower year-over-year earnings in the fourth quarter and for the full 2023 fiscal year.

The resort operator recorded sales of $205.8 million in the fourth quarter, up from $203.8 million in the same period last year.

Despite the improved sales, Vail’s net attributable loss in the most recent quarter was $128.6 million, compared with $108.7 million in the fourth quarter of 2022.

“The fourth quarter declined from the prior year, primarily driven by the company’s fiscal 2023 investments in employees, as well as a below average snowfall and snowmaking temperatures that limited terrain availability during…