Looking back on leisure facilities stocks' Q4 earnings, we examine this quarter's best and worst performers, including Vail Resorts (NYSE:MTN) and its peers.

Leisure facilities companies often sell experiences rather than tangible products, and in the last decade-plus, consumers have slowly shifted their spending from "things" to "experiences". Leisure facilities seek to benefit but must innovate to do so because of the industry's high competition and capital intensity.

The 10 leisure facilities stocks we track reported a slower Q4; on average, revenues beat analyst consensus estimates by 3.4%. while next quarter's revenue guidance was 21.6% below consensus. Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, but leisure facilities stocks held their ground better than others, with the share prices up 13.5% on average since the previous earnings results.

Vail Resorts (NYSE:MTN)

Founded by two Aspen, Colorado ski patrol guides, Vail Resorts (NYSE:MTN) is a mountain resort company offering luxury experiences in over 30 locations across the globe.

Vail Resorts reported revenues of $1.08 billion, down 2.2% year on year, falling short of analyst expectations by 6.5%. It was a weak quarter for the company, with a miss of analysts' visitors and revenue estimates.

Commenting on the Company's fiscal 2024 second quarter results, Kirsten Lynch, Chief Executive Officer, said, "Given the unfavorable conditions across our North American resorts, we are pleased that our results for the quarter demonstrate the resiliency of our strategic business model and our network of resorts and loyal guests. The results for the second quarter were negatively impacted by challenging conditions at all of our North American resorts, with approximately 42% lower snowfall across our western North American resorts through January compared to the same period in the prior year and limited natural snow and variable temperatures at our Eastern U.S. resorts (comprising the Midwest, Mid-Atlantic, and Northeast).

Vail Resorts delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. The stock is up 2.8% since the results and currently trades at $230.84.

Is now the time to buy Vail Resorts? Access our full analysis of the earnings results here, it's free.

Best Q4: Life Time (NYSE:LTH)

With over 150 locations and gyms that include saunas and steam rooms, Life Time (NYSE:LTH) is an upscale fitness club emphasizing holistic well-being and fitness.

Life Time reported revenues of $558.8 million, up 18.2% year on year, in line with analyst expectations. It was a strong quarter for the company, with a solid beat of analysts' earnings estimates and revenue guidance for next quarter exceeding analysts' expectations.

Life Time delivered the highest full-year guidance raise among its peers. The stock is up 21.6% since the results and currently trades at $15.11.

Is now the time to buy Life Time? Access our full analysis of the earnings results here, it's free.

Six Flags (NYSE:SIX)

Sporting the fastest rollercoaster in the United States, Six Flags (NYSE:SIX) is a regional theme park operator offering thrilling rides, entertainment, and family-friendly attractions.

Six Flags reported revenues of $292.6 million, up 4.5% year on year, falling short of analyst expectations by 1.7%. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

The stock is up 4% since the results and currently trades at $25.57.

Read our full analysis of Six Flags's results here.

European Wax Center (NASDAQ:EWCZ)

Founded by two siblings, European Wax Center (NASDAQ:EWCZ) is a beauty and waxing salon chain specializing in professional wax services and skincare products.

European Wax Center reported revenues of $56.33 million, up 5.2% year on year, surpassing analyst expectations by 4.2%. It was a decent quarter for the company, with an impressive beat of analysts' earnings estimates but full-year revenue guidance missing analysts' expectations.

European Wax Center had the weakest full-year guidance update among its peers. The stock is down 6.3% since the results and currently trades at $12.27.

Read our full, actionable report on European Wax Center here, it's free.

Xponential Fitness (NYSE:XPOF)

Owner of CycleBar, Rumble, and Club Pilates, Xponential Fitness (NYSE:XPOF) is a boutique fitness brand offering diverse and specialized exercise experiences.

Xponential Fitness reported revenues of $90.2 million, up 26.6% year on year, surpassing analyst expectations by 10.2%. It was a slower quarter for the company, with a miss of analysts' earnings estimates.

The stock is up 49.6% since the results and currently trades at $15.08.

Read our full, actionable report on Xponential Fitness here, it's free.

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