What caused MTN's EPS surprise in Q1 2025?

Vail Resorts' EPS surprise in Q1 2025 can be attributed to **Strong Season Pass Sales and Early Season Weather Conditions**:

1. **Season Pass Program Performance**: The company's season pass program contributed significantly to the stability and growth of earnings. This was particularly evident in the fiscal second quarter, where the season pass program provided a stable revenue stream and helped in achieving the expected earnings per share (EPS) of $6.56, surpassing the analyst estimate of $6.29 by $0.27.
2. **Early Season Weather Conditions**: Improved early season weather conditions played a crucial role in boosting revenue. Favorable weather patterns, especially on the East Coast, led to increased local guest visitation and ski activity, which positively impacted the company's financial performance.
3. **Strategic Investments in Guest Experience**: Vail Resorts' ongoing investments in guest experience, digital innovations, and enhancements to the ski and snowboard lesson experience, such as the launch of My Epic Pro, have likely contributed to higher customer satisfaction and repeat visits, thereby boosting revenue and profitability.

In summary, the combination of strong season pass sales, early season weather conditions, and strategic investments in guest experience have contributed to Vail Resorts' EPS surprise in Q1 2025.