Vail Resorts posts gain in 2017; CalPERS increases their investment

Vail Resorts Inc., the parent company of Heavenly Mountain Resort, Kirkwood and Northstar California, posted income of $210.6 million for fiscal 2017, and increase of 40.6 percent over 2016.

Highlights of their year:

Total skier visits for fiscal 2017 increased to approximately 12.0 million, up 20.1 percent

Total lift revenue increased $160.3 million, or 24.4%

Ski school revenue increased $34.5 million, or 24.1%

Dining revenue increased $29.6 million, or 24.4%

Retail/rental revenue increased $52.3 million, or 21.7%

On the heels of the release of the fiscal report for the 4th quarter, California Public Employees Retirement System (CalPERS) grew its stake in shares of Vail Resorts, Inc. by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). CalPERS now owns 93,800 shares of the company’s stock worth $19,025,000 at the end of the most recent reporting period.

"We achieved another year of record-breaking results with strong growth across our business," said Rob Katz, Chief Executive Officer of Vail Resorts Inc. "Our results were driven by our world-class network, the acquisition of Whistler Blackcomb and strong results across our resort locations."

"This year's results highlight the positive impact of our expanding geographic diversification, the stability provided by our growing pass program and the success of our guest-focused marketing efforts. Our U.S. resorts delivered another year of strong performance," he added.