Materiality pending
Public signal · 1-minute delayed
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What happened, with direct paths to the underlying reporting
- Marriott Vacations reported strong Q1 results with earnings and revenues beating estimates. - Bookings for summer show significant increase, especially for Maui. - Contract sales are expected to increase by 6-9% in 2024. - Total expenses increased by 4.2% year over year, but adjusted EBITDA declined. - 2024 outlook projects growth in contract sales, adjusted free cash flow, EBITDA, and EPS. Price Impact Rating: Bullish Impact Horizon Rating: Long-term Type: Earnings
- Marriott Vacations reported strong Q1 results with earnings and revenues beating estimates.
- Bookings for summer show significant increase, especially for Maui.
- Contract sales are expected to increase by 6-9% in 2024.
- Total expenses increased by 4.2% year over year, but adjusted EBITDA declined.
- 2024 outlook projects growth in contract sales, adjusted free cash flow, EBITDA, and EPS.
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