Marriott Vacations Q3 contract sales decline

Marriott Vacations Worldwide

05/11/2025 21:25

Overview

Marriott Vacations Q3 adjusted EPS beats analyst expectations

Adjusted EBITDA for Q3 misses analyst estimates

Contract sales declined 4% yr/yr due to lower tours and VPG declines

Outlook

Company updates full-year 2025 contract sales guidance to $1.760 bln-$1.780 bln

Company expects $150 mln-$200 mln Adjusted EBITDA benefit from modernization by 2026

Company revises full-year adjusted EBITDA guidance to $740 mln-$755 mln

Result Drivers

CONTRACT SALES DECLINE - Contract sales fell 4% due to a 1% decline in tours and a 5% decline in VPG

STRATEGIC INITIATIVES - Co is realigning sales incentives and curbing third-party rentals to boost owner arrivals and satisfaction

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Beat
$1.69
$1.62 (9 Analysts)
Q3 EPS
-$0.07
Q3 Net Income
-$2 mln
Q3 Adjusted EBITDA
Miss
$170 mln
$185.25 mln (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy"

Wall Street's median 12-month price target for Marriott Vacations Worldwide Corp is $90.00, about 26.3% above its November 4 closing price of $66.32

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBwb3ndk6a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)