Quarterly ResultMay 5, 2026, 07:08 AM
Marriott Vacations Q1 Net Income $22M, EPS $0.64; Raises Sales Guidance
AI Summary
Marriott Vacations Worldwide reported a significant decline in Q1 2026 financial results, with net income attributable to common stockholders falling 61% to $22 million and diluted EPS decreasing 56% to $0.64. Adjusted EBITDA also dropped 16% to $161 million, and contract sales declined 2% to $411 million. Despite the weaker first quarter, the company reiterated its full-year Adjusted EBITDA guidance and raised its full-year contract sales guidance, citing strategic actions like executive team changes, cost reductions, and asset dispositions, including the sale of the Westin Cancun hotel for $50 million.
Key Highlights
- Q1 2026 net income attributable to common stockholders was $22 million, a 61% decrease year-over-year.
- Diluted earnings per share for Q1 2026 was $0.64, down 56% from $1.46 in the prior year.
- Adjusted EBITDA for Q1 2026 was $161 million, a 16% decline compared to $192 million in the prior year.
- Contract sales in Q1 2026 were $411 million, a 2% decline year-over-year.
- The company closed the sale of the Westin Cancun hotel, generating $50 million in proceeds.
- Full-year 2026 contract sales guidance was raised to $1,815 million - $1,885 million.
- Q2 2026 contract sales are expected to increase 4%-8%, with Adjusted EBITDA of $187 million - $202 million.