Vail Resorts ‘on track’ to achieve two-year resource efficiency transformation

Regarding the company’s resource efficiency transformation plan, Katz said, “Vail Resorts (MTN) is on track to achieve its two-year resource efficiency transformation plan, which was announced in September 2024. The transformation plan is designed to improve organizational effectiveness and scale for operating leverage as the Company grows. Through the three pillars of scaled operations, global shared services, and expanded workforce management, the Company outlined a multi-year plan to generate $100 million in annualized cost efficiencies by the end of its 2026 fiscal year. In fiscal 2025, we delivered approximately $37 million of efficiencies before one-time operating expenses, including $10 million of efficiencies that were accelerated from the original fiscal year 2026 plan. In fiscal 2026, we now expect to deliver approximately $75 million of efficiencies before one-time operating expenses, which is $8 million above the original plan. In fiscal 2026, we expect the efficiencies to be partially offset by one-time operating expenses of approximately $14 million. With the progress made to date and our continued focus in this area, we now anticipate realizing cost efficiencies in excess of the original $100 million annualized cost efficiency target in fiscal 2027 and we will provide more details on this in March 2026.”