MARRIOTT INTERNATIONAL Reports Q2 2023 Earnings Results
August 5, 2023
🌥️Earnings Overview
Marriott International ($NASDAQ:MAR) reported its second quarter FY2023 earnings results, ending on June 30 2023. Total revenue increased 13.8% from the same period in the previous year to USD 6075.0 million, and net income saw an increase of 7.1% year-on-year to USD 726.0 million.
Stock Price
MARRIOTT INTERNATIONAL reported its earnings results for the second quarter of 2023 on Tuesday. The stock opened at $199.6 and closed at $204.7, representing a 1.5% increase from the previous closing price of $201.8. Despite increased pressures from the pandemic, MARRIOTT INTERNATIONAL managed to hold its ground and post strong results.
This can largely be attributed to higher costs associated with the pandemic, such as increased cleaning and sanitation procedures, as well as the need to adjust their business strategies to accommodate new changes in travel demand. The hospitality giant remains optimistic about the future and is focused on continuing to provide excellent customer service and experiences to its guests. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Marriott International. More…
| Total Revenues | Net Income | Net Margin |
| 22.93k | 2.79k | 12.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Marriott International. More…
| Operations | Investing | Financing |
| 2.85k | -449 | -2.39k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Marriott International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 25.09k | 25.31k | -0.74 |
Key Ratios Snapshot
Some of the financial key ratios for Marriott International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.9% | 71.5% | 17.7% |
| FCF Margin | ROE | ROA |
| 10.7% | -6025.3% | 10.1% |
Analysis
GoodWhale recently conducted an analysis of MARRIOTT INTERNATIONAL‘s wellbeing. We have rated MARRIOTT INTERNATIONAL as a medium risk investment in terms of both financial and business aspects. In order to better understand the reasons behind this risk rating, GoodWhale has detected two risk warnings in MARRIOTT INTERNATIONAL’s income sheet and balance sheet. These risk warnings may provide important insights for investors who are considering investing in the company. If you’d like to check them out, you can become a registered user to gain access to our full analysis. More…
Peers
Hotel companies Marriott International Inc and its competitors Choice Hotels International Inc, Hilton Worldwide Holdings Inc, Wyndham Hotels & Resorts Inc, are all vying for a piece of the global hotel market. All four companies have a presence in major cities and tourist destinations around the world. Marriott is the largest of the four, with over 6,700 properties in 130 countries and territories. Hilton is the second largest, with over 5,800 properties in 113 countries and territories. Wyndham is the third largest, with over 9,000 properties in 80 countries. Choice Hotels is the smallest of the four, with over 6,400 properties in 40 countries.
– Choice Hotels International Inc ($NYSE:CHH)
Hotels International Inc is a hospitality company that owns, operates, and franchises hotels and motels. The company has a market cap of 6.88B as of 2022 and a Return on Equity of 87.46%. The company’s hotel brands include Comfort Inn, Comfort Suites, Quality Inn, Sleep Inn, Clarion, Cambria hotel & suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge, Rodeway Inn, and Vacation Rentals by Choice Hotels.
– Hilton Worldwide Holdings Inc ($NYSE:HLT)
Hilton Worldwide Holdings Inc is a hotel and casino company. As of 2022, it has a market cap of 35.3B and a ROE of -148.2%. The company has over 5,000 properties in 105 countries and is the largest hotel company in the world.
– Wyndham Hotels & Resorts Inc ($NYSE:WH)
Wyndham Hotels & Resorts Inc is one of the largest hotel chains in the world. It has over 8,000 hotels across more than 80 countries. The company has a market cap of 6.29B as of 2022 and a ROE of 30.65%. Wyndham Hotels & Resorts is known for its high quality accommodations and excellent customer service.
Summary
MARRIOTT INTERNATIONAL has reported its second quarter earnings for FY2023, indicating a strong financial performance. Total revenue increased by 13.8% year-over-year to USD 6075.0 million and net income rose 7.1% to USD 726.0 million. This performance provides investors with confidence that the company is well positioned to continue to grow and increase shareholder value in the coming quarters. With a strong balance sheet, positive outlook, and sector leading fundamentals, MARRIOTT INTERNATIONAL is an attractive investment opportunity for those looking to diversify their portfolio.
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