Marriott Vacations Worldwide Q1 2023 Earnings Report

Marriott Vacations Worldwide EPS Results

• Actual EPS: $2.54
• Consensus EPS: $1.84
• Beat/Miss: Beat by +$0.70
• One Year Ago EPS: $1.70

Marriott Vacations Worldwide Revenue Results

• Actual Revenue: $1.17 billion
• Expected Revenue: $1.15 billion
• Beat/Miss: Beat by +$18.02 million
• YoY Revenue Growth: +11.10%

Marriott Vacations Worldwide Announcement Details

• Quarter: Q1 2023
• Date: 5/3/2023
• Time: After Market Closes

Marriott Vacations Worldwide (NYSE:VAC), a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Vacation Club, and Marriott Vacation Club Pulse brands. It develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand. In addition, the company offers exchange networks and membership programs, as well as provision of management services to other resorts and lodging properties through Interval International, and Aqua-Aston business brands. Further, it provides financing consumer purchases of vacation ownership products, and renting vacation ownership inventory. The company sells its upscale tier vacation ownership products primarily through a network of resort-based sales centers and off-site sales locations. The company was founded in 1984 and is headquartered in Orlando, Florida.