Vail Resorts, Inc. (MTN) has reported a 27.52 percent rise in profit for the quarter ended Jan. 31, 2017. The company has earned $149.18 million, or $3.63 a share in the quarter, compared with $116.98 million, or $3.14 a share for the same period last year.

Revenue during the quarter grew 20.99 percent to $725.20 million from $599.36 million in the previous year period. Total expenses were 65.21 percent of quarterly revenues, down from 66.62 percent for the same period last year. This has led to an improvement of 141 basis points in operating margin to 34.79 percent.

Operating income for the quarter was $252.28 million, compared with $200.06 million in the previous year period.

Commenting on the Company's fiscal 2017 second quarter results, Rob Katz, chief executive officer said, "We are very pleased with our results for the quarter. We had strong results during the holidays and the month of January despite a slower start to the season at our U.S. resorts resulting from below average early season conditions. Including results from Whistler Blackcomb in the second quarter of fiscal 2017, total lift revenue increased 24.5%, driven by a 15.7% growth in visitation and a 7.7% increase in effective ticket price ("ETP") in the second quarter compared to the prior year. We continue to see robust destination guest spending trends which, along with the addition of Whistler Blackcomb, drove a 25.9% increase in ski school revenue and a 21.5% increase in food and beverage revenue compared to the prior year."

For fiscal year 2017, Vail Resorts, Inc. forecasts net income to be in the range of $196 million to $222 million.