Latest news with #KirstenLynch
Yahoo
5 days ago
- Business
- Yahoo
Why Vail Resorts Stock Soared on Wednesday
Vail Resorts replaced its CEO with a very familiar executive. It also updated its guidance for the entirety of this fiscal year. 10 stocks we like better than Vail Resorts › The return of a leader was the news driving Vail Resorts (NYSE: MTN) stock up toward a peak on Wednesday. The company's share price popped by almost 9% on the day after this development hit the headlines, comparing most favorably to the S&P 500's (SNPINDEX: ^GSPC) 0.6% decline. Just after market close on Tuesday, Vail announced that its onetime CEO Rob Katz is stepping back into that leadership role. In doing so, Katz replaces Kirsten Lynch, who vacated the position but will serve as an advisor to the company for an unspecified transitional period. Katz was Vail's executive chairperson at the time of his reappointment, and will continue to fill that role. In his first tenure as the company's CEO, he served for 16 years. In its press release officially announcing the transition, the company quoted the lead independent member of its board of directors Bruce Sewell as saying that Katz "has a strong track record of driving innovation and executing consistent performance at Vail Resorts, and has played a critical role in the development of Vail Resorts' operations and long-term strategy for over the past three decades." In the release, Vail felt compelled to update its guidance for the entirety of its current fiscal year. It now expects earnings before interest, taxes, depreciation, and amortization (EBITDA) to land at the lower end of its previously stated range of $841 million and $877 million. It did not address its net income forecast, which had been set at $257 million to $309 million for the year. Although it's always comforting when a familiar executive returns to the CEO chair, naturally his real impact will be reflected in the company's future performance; we'll have to wait and see how Vail performs in the coming quarters to better judge his work. Before you buy stock in Vail Resorts, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Vail Resorts wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Vail Resorts. The Motley Fool has a disclosure policy. Why Vail Resorts Stock Soared on Wednesday was originally published by The Motley Fool Sign in to access your portfolio
Globe and Mail
6 days ago
- Business
- Globe and Mail
Why Vail Resorts Stock Soared on Wednesday
The return of a leader was the news driving Vail Resorts (NYSE: MTN) stock up toward a peak on Wednesday. The company's share price popped by almost 9% on the day after this development hit the headlines, comparing most favorably to the S&P 500 's (SNPINDEX: ^GSPC) 0.6% decline. The former and current leader Just after market close on Tuesday, Vail announced that its onetime CEO Rob Katz is stepping back into that leadership role. In doing so, Katz replaces Kirsten Lynch, who vacated the position but will serve as an advisor to the company for an unspecified transitional period. Katz was Vail's executive chairperson at the time of his reappointment, and will continue to fill that role. In his first tenure as the company's CEO, he served for 16 years. In its press release officially announcing the transition, the company quoted the lead independent member of its board of directors Bruce Sewell as saying that Katz "has a strong track record of driving innovation and executing consistent performance at Vail Resorts, and has played a critical role in the development of Vail Resorts' operations and long-term strategy for over the past three decades." Guidance mostly unchanged In the release, Vail felt compelled to update its guidance for the entirety of its current fiscal year. It now expects earnings before interest, taxes, depreciation, and amortization (EBITDA) to land at the lower end of its previously stated range of $841 million and $877 million. It did not address its net income forecast, which had been set at $257 million to $309 million for the year. Although it's always comforting when a familiar executive returns to the CEO chair, naturally his real impact will be reflected in the company's future performance; we'll have to wait and see how Vail performs in the coming quarters to better judge his work. Should you invest $1,000 in Vail Resorts right now? Before you buy stock in Vail Resorts, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Vail Resorts wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor 's total average return is982% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
Yahoo
7 days ago
- Business
- Yahoo
Top Stock Movers Now: DR Horton, Okta, Abercrombie & Fitch, and More
U.S. equities fell at midday ahead of the release of the minutes of the latest Fed meeting and Nvidia's earnings news. Homebuilder stocks sank as mortgage rates jumped to their highest level since January. Vail Resorts replaced CEO Kirsten Lynch with former CEO Rob Katz.U.S. equities were lower at midday as the market awaited the release of the latest Federal Reserve minutes and the much-anticipated after-the-bell earnings report from Nvidia (NVDA). The Dow Jones Industrial Average, S&P 500, and Nasdaq all declined. Shares of D.R. Horton (DHI), Pulte Group (PHM), and Lennar (LEN) were among the worst-performing stocks in the S&P 500 as a new report showed mortgage rates shot up to their highest level since January. Shares of Okta (OKTA) sank after the identification software provider said that because of an uncertain economic environment, it wasn't raising its full-year guidance despite a strong first quarter. GameStop (GME) shares plunged when the video game retailer spent more than half a billion dollars to purchase 4,710 bitcoin. Abercrombie & Fitch (ANF) shares skyrocketed after the fashion clothing retailer posted better-than-expected profit, sales, and revenue guidance, boosted by demand for its Hollister brand. Shares of Vail Resorts (MTN) took off when the ski lodge operator replaced CEO Kirsten Lynch with former CEO Rob Katz. Warner Bros. Discovery (WBD) shares gained on word CNN COO David Leavy would be leaving the network and returning to the parent company. Leavy had previously held the position of Chief Corporate Affairs Officer at WBD. Oil futures rose. Gold prices fell. The yield on the 10-year Treasury note increased. The U.S. dollar was up versus the euro, pound, and yen. Most major cryptocurrencies traded in the red. Read the original article on Investopedia Sign in to access your portfolio
Hospitality Net
7 days ago
- Business
- Hospitality Net
Rob Katz has been appointed Chief Executive Officer (CEO) at Vail Resorts
Vail Resorts, Inc. (NYSE: MTN) today announced that Rob Katz, current Executive Chairperson and former Chief Executive Officer, has been appointed CEO of the Company. Katz, age 58, succeeds Kirsten Lynch, who has stepped down as CEO and as a director of the Board. Lynch will remain in an advisory role to the Company for an interim period to facilitate a smooth transition. Katz, age 58, previously served as Chief Executive Officer of Vail Resorts beginning in February 2006, was appointed Chairperson of the Board of Directors in March 2009, and served in both roles until November 2021, at which point he was appointed Executive Chairperson. He previously served as Lead Director of Vail Resorts from June 2003 until his appointment as CEO. Katz has served on the Board since 1996 and has been involved with the Company since 1991. Prior to becoming CEO of Vail Resorts, he was associated with Apollo Management L.P., a private equity investment firm, since its founding in 1990. Katz is a founder and board member of the Katz Amsterdam Foundation, which has a long track record of working with mountain communities to improve access to mental and behavioral healthcare. Katz currently serves on the Board of Directors of YETI Holdings, Inc. and on the Wharton Leadership Advisory Board. He has previously served on numerous private, public, and non-profit boards. Katz will continue to serve as the Chairperson of the Board, which comprises 11 directors.
Bloomberg
7 days ago
- Business
- Bloomberg
Stock Movers: Abercrombie, Macy's, Okta
On this episode of Stock Movers: Macy's (M) posted better-than-expected quarterly results — a sign the department-store operator's strategy of focusing on its best-performing locations is starting to pay off despite weakening consumer sentiment and tariff sales in the fiscal quarter ended May 3 fell less than analysts had anticipated, the company reported on Wednesday, while revenue of $4.6 billion in the period also surpassed the average estimate. - Abercrombie & Fitch (ANF) shares rose sharply in premarket trading Wednesday after the retailer upped its full-year outlook, suggesting the retailer is confident in its ability to navigate the changing tariff fashion retailer now sees full year net sales growth of 3% to 6% up from its estimate of 3% to 5% in March. This included approximately $50 million of tariff sales for the Abercrombie namesake brand fell 10% in the quarter ending May 3, a bigger drop than analysts were anticipating, the New Albany, Ohio-based company said. Hollister brand comparable sales were up 23%, far surpassing expectations. - Okta (OKTA)shares are down 12% in premarket trading, after the cybersecurity company gave a weaker-than-expected outlook for second-quarter current remaining performance obligation. Analysts see the forecast as conservative. - Vail Resorts (MTN) shares jump 11% in US premarket trading after the operator of ski resorts reappointed Rob Katz as CEO, succeeding Kirsten Lynch, and reaffirmed its fiscal 2025 guidance. Analysts see the leadership change as positive, with JPMorgan upgrading its rating on the stock.
