YEP THEY DID!!!!
How about before you try to make a statement or try to 'own' me or whatever stupid phrase is, you know something about it... that report is for FYE 07 quater 3.... HAHAHA, Vail resorts are now in FYE 08 quater 1
Do me a favor and read up....
Vail loses $24.6 million
subtitleDespite the first quarter's net loss, resort executives are encouraged by recent storms and a season-pass surge.
bylineBy Elizabeth Aguilera
The Denver Post
dateArticle Last Updated: 12/11/2007 12:15:37 AM MST
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                			Broomfield-based
Vail Resorts Inc. reported a net loss of $24.6 million, or 63 cents per
share, in the first quarter of fiscal 2008, compared with last year
when the company reported a loss of $35.8 million. 
Strong lodging numbers, which grew 14 percent year over year,
recent winterlike storms and a spike in season-pass sales have given
Vail Resort executives a positive outlook for the second quarter. Vail
Resorts is the largest ski-resort operator in the country. 
The first quarter, which ended Oct. 31, showed mountain
revenue decreased $3.6 million, or 7.9 percent, compared with the first
quarter last year. Lodging revenue increased $2.9 million, or 7.2
percent, over the same time last year. 
Total revenue, including real-estate sales, dropped 14 percent
to $97.9 million from $113.5 million in the same quarter last year.
Monday, the stock fell 4.2 percent to close at $51.10. 
Additionally, the company said the first-quarter net loss was
softened by an $11.9 million settlement received from a contract
dispute with Cheeca Holdings LLC. 
"Our fiscal first quarter is a seasonally low earnings period
and historically a loss quarter," said Rob Katz, president and chief
executive of the company, during a conference call with analysts. "An
area of focus for us in the first quarter is to establish the
groundwork for the upcoming winter season, including construction of
capital projects to deliver on our mission." 
Construction being completed in the next few months includes
the Arrabelle at Vail Square, a children's gondola at Beaver Creek and
high- speed quad chairlifts at Vail. 
Analysts polled by Thomson Financial predicted a loss of 75
cents per share on revenue of $102 million. While revenue fell below
estimates, analysts noted it was a slow quarter as summer activities
wound down. 
"While the October quarter can be difficult to model, the
overall year is actually fairly predictable, assuming decent snowfall,"
JMP Securities analyst Will Marks said in a research note. 
Vail Resorts operates Keystone, Breckenridge, Vail and Beaver
Creek in Colorado; Heavenly in Nevada and California; and Grand Teton
Lodge Company, near Jackson, Wyo. 
PWNED