World's largest ski resort operator announces layoffs ahead of winter season [FOX Business Network]
Vail Resorts, Inc. (MTN)
Last vail resorts, inc. earnings: 3/9 04:01 pm
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US:NYSE Investor Relations:
investors.vailresorts.com/investor-relations
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Source: FOX Business Network
Vail Resorts, the largest mountain resort operator in the world, announced this week that it is trimming its workforce as part of a two-year transformation plan. The company said it is eliminating roughly 14% of its corporate positions and less than 1% of its operational workforce, impacting 0.2% of frontline staff. According to an SEC filing on Thursday, Vail employed roughly 7,600 year-round employees and 44,900 seasonal employees last fiscal year across its 42 resorts. "No matter how big or small the impact of position eliminations, we do not take lightly any decision that affects our team members," CEO Kirsten Lynch said in a statement announcing the move. "Our team members are the core of our mission to create an Experience of a Lifetime, and we have tremendous gratitude for their passion and commitment to our mission, our mountains, and our guests." The company says that employees whose jobs are impacted by the position cuts are welcome to apply for open roles at the comp
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News
- Stock market today: Dow sets a record as Wall Street drifts to the finish of another winning week [Los Angeles Times (CA)]Los Angeles Times
- Vail Resorts Stock Falls After Earnings [Yahoo! Finance]Yahoo! Finance
- Vail Resorts, Inc. (NYSE: MTN) had its price target lowered by analysts at Barclays PLC from $161.00 to $155.00. They now have an "underweight" rating on the stock.MarketBeat
- Vail Resorts Reports Mixed Q4 Results, Announces $100 Million Transformation Plan [Yahoo! Finance]Yahoo! Finance
- Vail Resorts Stock Down on Q4 Earnings Miss, Revenues Top [Yahoo! Finance]Yahoo! Finance
MTN
Earnings
- 9/26/24 - Miss
MTN
Sec Filings
- 9/26/24 - Form 4
- 9/26/24 - Form 4
- 9/26/24 - Form 4
- MTN's page on the SEC website