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Why is Vail Resorts Inc (MTN) Stock down?

29 Sep, 2023:

Shares of Vail Resorts, Inc. (MTN) declined by 8.40% to $221.89 after it reported lower-than-expected Q4 2023 earnings and revenues, with a 7% increase in season pass sales for the 2023/24 North American ski season. The company anticipates fiscal 2024 net income in the range of $316-$394 million with a 31% Resorts reported EBITDA margin.

https://www.zacks.com/stock/news/2158028/vail-resorts-mtn-q4-earnings-revenues-miss-estimates

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