Why Vail beat Street despite FX headwinds: CEO

There is one reason why Vail Resorts outperformed last quarter despite the recent currency headwinds, its CEO said Thursday.

"A lot of our travelers have investments in U.S. dollars and they're at a wealth level where currency shifts are not as critical," Rob Katzsaid on CNBC's "Squawk on the Street."

The Colorado-based company's earnings on Thursday soared past analyst expectations. It reported earnings per share of $3.10 versus the estimated $2.30. Vail Resorts' stock was up more than 9 percent late Wednesday morning.(Click here to see what the stock is doing now.)

Katz added that the weaker euro and the strong dollar not only raises the possibility for the company to expand in Europe, but also helps them in the U.S.

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"We have been looking abroad," Katz said. "Certainly the currency helps that, but there's no question that the U.S. market is incredibly strong right now. So the strong dollar also helps us because that's the primary market we sell to, but there's no question [the weaker euro] makes it more attractive."

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