MARRIOTT VACATIONS WORLDWIDE Reports Second Quarter Earnings Results for FY2023

🌥️Earnings Overview

On August 2, 2023, MARRIOTT VACATIONS WORLDWIDE ($NYSE:VAC) published their financial results for the second quarter of FY2023 ending on June 30, 2023. Total revenue was recorded at an impressive USD 1178.0 million, a 1.2% increase from the previous year. Unfortunately, the company’s net income dropped by 33.8% year-over-year to USD 90.0 million.

Market Price

At the opening of trading, MARRIOTT VACATIONS WORLDWIDE stock opened at $124.3 and closed at $124.8, down by 1.3% from the prior closing price of 126.5. The earnings results showed a decrease in revenue and profits when compared to the same period last year. The company’s stock performance reflects investors’ reaction to the earnings result. Despite the slight dip, MARRIOTT VACATIONS WORLDWIDE still remains one of the top performing stocks in the industry, and its long-term performance is expected to remain strong. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for VAC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for VAC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for VAC. More…

Key Ratios Snapshot

Some of the financial key ratios for VAC are shown below. More…

Analysis

GoodWhale provides investors with powerful tools to analyze a company’s fundamentals. We can help you discover whether MARRIOTT VACATIONS WORLDWIDE is a good investment opportunity or not. Our Risk Rating tool evaluates the company’s financial and business risk. According to our analysis, MARRIOTT VACATIONS WORLDWIDE has been rated as a high risk investment. We’ve detected 3 risk warnings in MARRIOTT VACATIONS WORLDWIDE’s income sheet, balance sheet, and non-financial data. If you want to know more about these risk warnings, then become a registered user on GoodWhale and get access to this data. With GoodWhale, you can make smart investment decisions based on detailed information about the company. More…

Peers

In the vacation ownership and timeshare industry, Marriott Vacations Worldwide Corp is one of the largest and most well-known companies.

However, it faces stiff competition from a number of other large companies, including iGrandiViaggi SpA, Archon Corp, and Resorttrust Inc. While each of these companies has its own strengths and weaknesses, Marriott has been able to stay ahead of the competition by offering a wide variety of vacation ownership products and experiences that appeal to a broad range of customers.

– iGrandiViaggi SpA ($LTS:0R8E)

Hai Grandi Viaggi SpA is a company that provides travel services. It has a market capitalization of 36.65 million as of 2022 and a return on equity of 0.08%. The company offers a variety of travel-related services, including air travel, hotel accommodations, car rentals, and cruises.

– Archon Corp ($OTCPK:ARHN)

Archon Corporation is a holding company that operates through its subsidiaries. The Company, through its subsidiaries, is engaged in the business of real estate investment, development, management, construction, and brokerage.

– Resorttrust Inc ($TSE:4681)

Resorttrust Inc is a Japanese company that operates resorts and hotels. As of 2022, the company had a market capitalization of 248.83 billion yen and a return on equity of 11.02%. The company operates a total of 74 hotels and resorts, including 57 in Japan and 17 overseas. In addition to hotel and resort operations, the company also provides a range of services such as golf course management, real estate development, and food and beverage operations.

Summary

MARRIOTT VACATIONS WORLDWIDE reported its second quarter earnings for FY2023 ending June 30 2023. Total revenue increased by 1.2% year over year to USD 1178.0 million, while Net Income decreased by 33.8% to USD 90.0 million compared to the same period last year. Investors should take into consideration the company’s changing revenue and income performance when making decisions about investing in MARRIOTT VACATIONS WORLDWIDE. Potential investors should also take into account the company’s competitive position, industry outlook, and other factors that may affect the performance of the company.