Vail Resorts releases 10-k
February 25th, 2022 Vail Resorts has released its 10-k report for the year ending on July 31st, 2021. The company reported a net revenue of $1.9 billion, with $1.65 billion attributed to mountain and lodging services, representing a 4% increase over the $1.57 billion reported in 2020. The company credits the remaining $257.9 million in revenue to mountain and lodging retail operations, representing a 67% decrease from the $380.4 million reported in 2020. Overall, the company reported a 2.8% decrease in net revenue. This has translated to a net income of $124.5 million, a slight increase over 2020’s $109.1 million.
New Activity|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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