MARRIOTT INTERNATIONAL Reports Second Quarter Fiscal Year 2023 Earnings Results
August 9, 2023
🌥️Earnings Overview
MARRIOTT INTERNATIONAL ($NASDAQ:MAR) reported total revenue of USD 6075.0 million for the second quarter of Fiscal Year 2023, a 13.8% increase from August 1 2023. Net income for the same period was USD 726.0 million, a 7.1% increase compared to the same period in the prior year on June 30 2023.
Share Price
On Tuesday, MARRIOTT INTERNATIONAL reported its earnings results for the second quarter of fiscal year 2023. The company’s stock opened at $199.6 and closed at $204.7, up by 1.5% from its previous closing price of 201.8. MARRIOTT INTERNATIONAL achieved strong results, boosted by an increase in demand for travel and leisure. MARRIOTT INTERNATIONAL announced that it is actively managing its capital structure with a focus on strengthening its balance sheet and liquidity position.
Overall, it was a positive earnings report for MARRIOTT INTERNATIONAL and investors have responded positively to the news. The company is well positioned to capitalize on the recovery in the travel and leisure industry and continue its success into the future. 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 conducted an analysis of MARRIOTT INTERNATIONAL‘s fundamentals. Based on the findings from our Star Chart, MARRIOTT INTERNATIONAL has a strong health score of 8/10 with regard to its cash flows and debt. This score indicates that the company is capable of paying off debt and funding future operations. Furthermore, MARRIOTT INTERNATIONAL is classified as ‘cheetah’, which indicates that the company has achieved high revenue or earnings growth, but is considered to be less stable due to lower profitability. MARRIOTT INTERNATIONAL is strong in dividend and growth, is medium in profitability, and weak in asset. Given these results, investors who are seeking high returns from a company with good growth prospects, but with a higher risk profile, may be interested in MARRIOTT INTERNATIONAL. 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 delivered a strong performance in the second quarter of Fiscal Year 2023, with total revenue increasing 13.8% to USD 6075.0 million, and net income rising 7.1% to USD 726.0 million. This marks a significant improvement compared to the same period in the prior year, suggesting that MARRIOTT INTERNATIONAL is well-positioned to continue its impressive growth trajectory into the future. Investment analysts generally view MARRIOTT INTERNATIONAL as a sound long-term investment opportunity, and the company’s strong quarterly earnings results are likely to bolster investor confidence.
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