Revenue during the quarter grew 22.73 percent to $794.63 million from $647.47 million in the previous year period. Total expenses were 59.72 percent of quarterly revenues, up from 59.32 percent for the same period last year. That has resulted in a contraction of 40 basis points in operating margin to 40.28 percent.

Operating income for the quarter was $320.07 million, compared with $263.38 million in the previous year period.

Commenting on the Company’s fiscal 2017 third quarter results, Rob Katz, Chief Executive Officer said, "We are pleased with our performance in the quarter and for the entirety of the 2016/2017 North American ski season. Including results from Whistler Blackcomb, total lift revenue increased 25.3%, driven by a 26.0% growth in visitation partially offset by a 0.5% decrease in effective ticket price ("ETP") compared to the same period in the prior year. The ETP decline was driven by the inclusion of Whistler Blackcomb’s ETP in results in fiscal 2017 which are lower on a U.S. dollar basis than the Company average. Excluding Whistler Blackcomb, ETP increased 7.5% in the third fiscal quarter compared to the prior year. Guest spending continues to be strong which, with the addition of Whistler Blackcomb, drove a 23.5% increase in ski school revenue, a 28.7% increase in food and beverage revenue and a 28.6% increase in retail and rental revenue, compared to the same period in the prior year."

For fiscal year 2017,Vail Resorts, Inc. forecasts net income to be in the range of $183 million to $201 million.