Marriott Vacations Q1 Adjusted EPS $1.24 on $1.26B Revenue Beats Estimates
Marriott Vacations Worldwide posted Q1 profit of $22 million, or $0.64 per share, with adjusted EPS of $1.24 missing the $1.60 consensus. The timeshare operator generated revenue of $1.26 billion versus $1.20 billion expected and projects full-year EPS of $7.05 to $7.80.
1. First-quarter financial results
Marriott Vacations Worldwide reported net income of $22 million, or $0.64 per share, in Q1. Adjusted earnings were $1.24 per share, down from $1.66 in the prior year and below the $1.60 analyst consensus.
2. Revenue performance
The company generated $1.26 billion in Q1 revenue, surpassing the $1.20 billion forecast driven by robust timeshare unit sales and resort operations. This marks a year-over-year increase that outpaced Street expectations.
3. Full-year guidance
Marriott Vacations Worldwide reaffirmed full-year adjusted EPS guidance of $7.05 to $7.80 per share. Management cited steady booking trends and cost controls as the basis for the outlook.