VAC

ORLANDO, Fla., July 14, 2026--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the second quarter 2026 on Thursday, August 6th and host a conference call at 8:30 a.m. ET that morning to discuss the Company’s results. Participants may access the call by dialing (888) 396-8049 or (416) 764-8646 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company’s website at ir.mvwc.com. An audio replay of the conference call will be available at ir.mvwc.com for 30 days. To access the replay, dial (877) 660-6853 or (201) 612-7415 for international callers. The conference ID for the recording is 13761061. About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit http://www.marriottvacationsworldwide.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260709422825/en/ Contacts Neal GoldnerInvestor [email protected] Cameron KlausGlobal [email protected]

Let’s dig into the relative performance of Marriott Vacations (NYSE:VAC) and its peers as we unravel the now-completed Q1 consumer discretionary - travel and vacation providers earnings season. The Consumer Discretionary sector, by definition, is made up of companies selling non-essential goods and services. When economic conditions deteriorate or tastes shift, consumers can easily cut back or eliminate these purchases. For long-term investors with five-year holding periods, this creates a structural challenge: the sector is inherently hit-driven, with low switching costs and fickle customers. As a result, only a handful of companies can reliably grow demand and compound earnings over long periods, which is why our bar is high and High Quality ratings are rare. Travel and vacation providers operate tour packages, cruise lines, online travel agencies, and vacation rental platforms, connecting consumers with leisure and business travel experiences. Tailwinds include robust post-pandemic travel demand, a consumer preference shift toward experiences over goods, and technology-enabled personalization improving conversion and loyalty. However, headwinds are significant: the industry is acutely sensitive to macroeconomic cycles, geopolitical instability, and fuel price volatility. Low switching costs mean fierce price competition, while capacity additions in segments like cruises can lead to oversupply. Regulatory burdens, weather disruptions, and public health risks further create episodic but potentially severe demand shocks. The 19 consumer discretionary - travel and vacation providers stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 1.6% while next quarter’s revenue guidance was 8.1% below. Luckily, consumer discretionary - travel and vacation providers stocks have performed well with share prices up 24.1% on average since the latest earnings results. Spun off from Marriott International in 1984, Marriott Vacations (NYSE:VAC) is a vacation company providing leisure experiences for travelers around the world. Marriott Vacations reported revenues of $1.26 billion, up 4.8% year on year. This print exceeded analysts’ expectations by 4.6%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ adjusted operating income and EPS estimates. “Contract sales and Adjusted...

It has been about a month since the last earnings report for Marriott Vacations Worldwide (VAC). Shares have added about 9.3% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Marriott Vacations Worldwide due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts. Marriott Vacations reported mixed results for the first quarter of 2026, with adjusted earnings missing the Zacks Consensus Estimate, while revenues surpassed the same. Meanwhile, earnings declined year over year, whereas revenues increased from the prior-year quarter.Marriott Vacations benefited from higher rental and financing revenues, supported by resilient demand across its vacation ownership portfolio. Management also highlighted progress on cost actions, leadership changes and asset disposition initiatives aimed at improving profitability and cash flow generation. However, lower contract sales, higher marketing and sales costs, increased product costs and softer tour flow weighed on margins during the quarter. Adjusted earnings per share (EPS) of $1.24 missed the Zacks Consensus Estimate of $1.60 by 22.5%. In the year-ago quarter, it reported adjusted EPS of $1.66.Quarterly revenues of $1.257 billion surpassed the consensus mark of $1.196 billion by 5.1% and increased 5% on a year-over-year basis. Vacation Ownership: Revenues excluding cost reimbursements were flat year over year at $758 million. Consolidated contract sales totaled $411 million, down 2% year over year, as tours declined 3%, partially offset by a 1% increase in volume per guest (“VPG”). Segment adjusted EBITDA decreased 15% year over year to $188 million, while margin contracted 440 basis points (bps) year over year to 24.8%.Management stated that the decline in tours reflected actions to prioritize higher profitability and cash flow in the Asia-Pacific region, along with lower tours from guests with FICO scores below 640. Excluding Asia-Pacific operations, tours declined 1% year over year.Exchange & Third-Party Management: Revenues excluding cost reimbursements declined 6% year over year to $53 million, primarily due to lower revenue at Aqua-Aston. Segment adjuste...

ORLANDO, Fla., May 14, 2026--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.80 per share of common stock. The dividend is payable on or around June 10, 2026, to the stockholders of record as of the close of business on May 27, 2026. About Marriott Vacations Worldwide Corporation Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and innovator in the vacation industry, the Company upholds the highest standards of excellence in serving its customers, investors and associates while maintaining exclusive, long-term relationships with Marriott International, Inc. and an affiliate of Hyatt Hotels Corporation for the development, sales and marketing of vacation ownership products and services. For more information, please visit www.marriottvacationsworldwide.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260514355396/en/ Contacts Neal GoldnerInvestor [email protected] Cameron KlausGlobal [email protected]

The lodging and leisure sector delivered strong Q1 earnings, but stocks reacted modestly because exp

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Marriott Vacations Worldwide (NYSE:VAC) is undergoing a major overhaul that includes leadership changes, restructuring actions, and cost reduction programs. The company is also selling selected assets, including a large hotel property, as part of an effort to streamline operations and support long term financial health. These moves come during a period where top line growth has coincided with weaker profitability, reflecting higher operating costs tied to modernization and restructuring. For investors tracking NYSE:VAC, the stock trades at $78.26, with returns of 14.4% over the past week and 33.0% year to date. Over longer periods, performance has been mixed, with a 41.0% gain over the past year set against a 29.7% decline over three years and a 44.3% decline over five years. The current overhaul, including asset sales and tighter cost controls, comes alongside reaffirmed guidance and a higher contract sales outlook. For readers, an important consideration is how effectively these actions translate into a more efficient business and a steadier earnings profile over time. Stay updated on the most important news stories for Marriott Vacations Worldwide by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Marriott Vacations Worldwide. We've flagged 2 risks for Marriott Vacations Worldwide. See which could impact your investment. Q1 2026 underlines why Marriott Vacations Worldwide is reshaping the business. Revenue of US$1.257b was up from US$1.200b, but net income fell to US$22m from US$56m, and EPS of US$1.24 came in below expectations despite a revenue beat. Higher marketing, modernization, restructuring and litigation costs, plus a 50.3% effective tax rate, are squeezing profitability while the company invests in a new operating model. Leadership changes, cost programs and asset sales, including the US$50m Westin Cancun disposal, indicate a push to simplify the portfolio and support liquidity in the context of sizeable net debt of US$3.265b and securitized debt of US$2.304b. The overhaul aligns with the narrative focus on modernization and first time buyers, as management is trying to convert stronger contract sales and higher owner engagement into more efficient operations. The s...

Performance in Q1 was characterized as a period of significant transition, with results meeting expectations for a decline in adjusted EBITDA and contract sales due to deliberate restructuring. Management attributed the 16% EBITDA decline to higher marketing and sales costs stemming from late 2025 operating strategies and increased training expenses. A comprehensive leadership overhaul was executed, including the appointment of a new COO and key sales executives, to shift the organizational culture toward speed and decisiveness. The company successfully reduced the scale of its Asia business to improve future margins and capital spend, while implementing workforce reductions completed in mid-March. Strategic focus has shifted from assessment to implementation of modernization initiatives, prioritizing cash flow generation and capital discipline. Management emphasized that high resort occupancy (88-90%) and predictable owner utilization provide a stable foundation for the direct-to-consumer sales model. Contract sales guidance was raised to 3% to 7% growth for the full year, supported by an 8% year-over-year increase observed in April. EBITDA guidance was reaffirmed rather than raised to remain prudent while the company absorbs short-term transition costs and launches new revenue initiatives. The 'Inner Circle' experiential event marketing program is scheduled for a June 22 launch, expected to drive higher quality tour flow and VPG in the second half of 2026. Management expects operating expenses as a percentage of revenue to decline sequentially as the company leverages revenue growth from new initiatives. The company targets $200 million to $250 million in gross proceeds from non-core asset sales by the end of 2027 to support debt reduction and shareholder returns. The sale of Westin Cancun was completed in January, contributing $50 million to adjusted free cash flow and marking the start of a broader asset disposition strategy. Management noted a decision to reduce tours to consumers with FICO scores below 640 to maintain portfolio quality and loan performance. A first securitization of the year raised $460 million at a 4.86% interest rate, demonstrating continued access to capital markets despite broader volatility. The company is targeting a leverage ratio below 4x by balancing debt reduction with opportunistic share repurchases and dividends. Our analys...

Marriott Vacations Worldwide reported a sharp drop in first-quarter profit, with net income attributable to common stockholders falling to $22 million from $56 million in the same period a year earlier, the company said. Diluted earnings per share came in at $0.64, down from $1.46 a year ago. Adjusted net income declined 34% to $43 million, and adjusted diluted earnings per share fell 25% to $1.24. Adjusted EBITDA dropped to $161 million from $192 million in the prior year. Contract sales slipped 2% to $411 million. The company attributed the weaker results to lower contract sales, higher marketing and sales costs, increased product costs, and greater unsold maintenance fee expenses. General and administrative costs also rose $3 million, largely due to severance charges. Revenue at Aqua-Aston also weighed on results. The decline in tours was tied to the company's planned moves to focus on higher profitability in the Asia-Pacific region and a decision to limit tours to customers with FICO scores below 640. Excluding Asia-Pacific, tours fell 1% year-over-year. Marriott Vacations reiterated its full-year adjusted EBITDA guidance. For the second quarter, it expects contract sales to grow 4% to 8% and adjusted EBITDA to land between $187 million and $202 million. CEO Matt Avril said in a statement that results came in as anticipated. "Contract sales and Adjusted EBITDA were lower in the first quarter, consistent with how we expected the year to unfold," Avril said in a statement, adding that leadership changes, new hires in sales and marketing, and cost reductions are expected to benefit results in the second half of the year. On the asset disposal front, the company closed the sale of the Westin Cancun hotel in the quarter, generating $50 million in proceeds. It also listed additional non-core assets expected to produce more than $125 million in gross proceeds this year. The company remains on track to generate $200 million to $250 million in total gross proceeds from non-core asset sales by the end of 2027. Marriott Vacations ended the quarter with $854 million in liquidity, including $268 million in cash and $478 million of available capacity under its revolving corporate credit facility. The company carried $3.3 billion in corporate debt and $2.3 billion in non-recourse debt tied to securitized vacation ownership notes receivable.

For the quarter ended March 2026, Marriott Vacations Worldwide (VAC) reported revenue of $1.26 billion, up 4.8% over the same period last year. EPS came in at $1.24, compared to $1.66 in the year-ago quarter. The reported revenue represents a surprise of +5.1% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being $1.60, the EPS surprise was -22.38%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Marriott Vacations Worldwide performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Cost reimbursements: $430 million compared to the $384.46 million average estimate based on three analysts. The reported number represents a change of +15.3% year over year. Revenues- Rental: $176 million versus the three-analyst average estimate of $165.29 million. The reported number represents a year-over-year change of +4.1%. Revenues- Management and exchange: $216 million versus $216.77 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.5% change. Revenues- Sales of vacation ownership products: $343 million versus the three-analyst average estimate of $338.9 million. The reported number represents a year-over-year change of -3.4%. Revenues- Financing: $92 million versus $90.26 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.6% change. View all Key Company Metrics for Marriott Vacations Worldwide here>>> Shares of Marriott Vacations Worldwide have returned +3.4% over the past month versus the Zacks S&P 500 composite's +9.5% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to g...

ORLANDO, Fla., May 05, 2026--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW," the "Company," "we" or "our") reported financial results for the first quarter of 2026. First Quarter 2026 Highlights Contract sales were $411 million in the quarter, a 2% decline compared to the prior year. Net income attributable to common stockholders was $22 million compared to $56 million in the prior year and diluted earnings per share was $0.64 compared to $1.46 in the prior year. Adjusted net income attributable to common stockholders decreased 34% to $43 million and adjusted diluted earnings per share decreased 25% to $1.24. Adjusted EBITDA was $161 million compared to $192 million in the prior year. The Company reiterates its full-year Adjusted EBITDA guidance. "Contract sales and Adjusted EBITDA were lower in the first quarter, consistent with how we expected the year to unfold, and we expect second quarter contract sales to increase 4% to 8% and Adjusted EBITDA to be $187 million to $202 million," said Matt Avril, Chief Executive Officer. "As we indicated we would, we have taken steps to strengthen our foundation including: making significant changes in our executive team and key leadership positions, adding experienced leaders across our sales and marketing disciplines which are already driving improved results, taking incremental cost and overhead actions which will benefit the balance of the year, executing on our disposition strategy by listing assets for sale that are expected to deliver more than $125 million in gross proceeds this year, and we remain on track to generate $200 million to $250 million of gross proceeds by the end of 2027. These actions position our company for improved results in the second half of the year." In the tables below "*" denotes non-GAAP financial measures. Please see "Non-GAAP Financial Measures" for additional information about our reasons for providing these alternative financial measures and limitations on their use. Please see "Non-GAAP Financial Measures" for additional information. The decline in tours was largely attributable to the Company’s planned actions to prioritize higher profitability and cash flow in the Asia‑Pacific region, as well its decision to reduce tours to people with FICO scores below 640. Excluding Asia‑Pacific, tours decreased 1% year-over-year. VPG increased 1% year-over-year on...

Marriott Vacations Worldwide (VAC) came out with quarterly earnings of $1.24 per share, missing the Zacks Consensus Estimate of $1.6 per share. This compares to earnings of $1.66 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -22.38%. A quarter ago, it was expected that this timeshare company would post earnings of $1.72 per share when it actually produced earnings of $1.86, delivering a surprise of +8.14%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Marriott Vacations Worldwide, which belongs to the Zacks Leisure and Recreation Services industry, posted revenues of $1.26 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.10%. This compares to year-ago revenues of $1.2 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Marriott Vacations Worldwide shares have added about 21.7% since the beginning of the year versus the S&P 500's gain of 5.2%. While Marriott Vacations Worldwide has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Marriott Vacations Worldwide was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform...

ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Marriott Vacations Worldwide Corp. (VAC) on Tuesday reported first-quarter earnings of $22 million. On a per-share basis, the Orlando, Florida-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, were $1.24 per share. The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share. The timeshare company posted revenue of $1.26 billion in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $1.2 billion. Marriott Vacations Worldwide expects full-year earnings in the range of $7.05 to $7.80 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VAC at https://www.zacks.com/ap/VAC