Marriott Vacations Worldwide Corporation's stock soared 5.55% during Tuesday's intraday session following the release of its first-quarter 2026 financial results.
The company reported Q1 adjusted earnings of $1.24 per share, missing the analyst estimate of $1.65, and adjusted EBITDA of $161 million, below the expected $180.9 million. Revenue, however, rose 5% year-over-year to $1.26 billion, surpassing estimates.
Despite the weaker quarterly performance, investors responded positively as Marriott Vacations reaffirmed its full-year adjusted EBITDA guidance of $755 million to $780 million and provided an adjusted EPS outlook of $7.05 to $7.80, which brackets the consensus estimate. The company also increased its full-year contract sales forecast and announced the $50 million sale of the Westin Cancun hotel, with plans for additional asset sales expected to generate over $125 million in gross proceeds this year.
Comments