Marriott Q1 EPS of $2.72 Tops Estimates, Revenue Hits $6.65B
MAR•Marriott International delivered first-quarter adjusted EPS of $2.72, surpassing the $2.54 consensus, and reported $6.65 billion in revenue, up 6% year-over-year. The company added 15,900 net rooms, recorded 4.2% global RevPAR growth and guided Q2 EPS at $2.99-$3.06, slightly below forecasts.
1. Strong Q1 Financial Results
Marriott International reported adjusted EPS of $2.72, beating forecasts by $0.18, and generated $6.65 billion in revenue, a 6% increase from the prior year, fueling a 1.55% premarket share gain.
2. RevPAR and Portfolio Expansion
Global RevPAR rose 4.2%, with U.S. and Canada up 4% and international up 4.6% despite Middle East disruptions, while net rooms grew by 15,900 to nearly 1.8 million across 9,900 properties.
3. Guidance and Outlook
The company projects Q2 EPS between $2.99 and $3.06 (midpoint $3.03), just under the $3.05 consensus, and full-year EPS of $11.38 to $11.63, with gross fee revenue expected between $5.925 billion and $5.985 billion.
4. Development Pipeline and Shareholder Returns
Marriott’s development pipeline reached 4,107 properties representing 618,000 rooms, 43% under construction, while share repurchases totaled 2.1 million shares for $700 million, contributing to $1.2 billion returned to shareholders year-to-date.
