MARRIOTT VACATIONS WORLDWIDE Reports Strong Q2 Earnings for FY2023
August 13, 2023
☀️Earnings Overview
MARRIOTT VACATIONS WORLDWIDE ($NYSE:VAC) announced its earnings for the second quarter of FY2023, which concluded on June 30, 2023. Revenue for the quarter totaled USD 1178 million, a 1.2% increase from Q2 of FY2022. However, net income decreased 33.8% year-over-year to USD 90 million.
Share Price
On Wednesday, MARRIOTT VACATIONS WORLDWIDE reported strong second quarter earnings for the fiscal year 2023. The company’s stock opened at $124.3 and closed at $124.8, which is a 1.3% decrease from its prior closing price of 126.5. This performance is attributed to the success of the company’s vacation packages and other services offered. The company’s strong earnings have been supported by its efforts to expand its offerings and reach more customers. MARRIOTT VACATIONS WORLDWIDE recently announced plans to launch a new loyalty program, which it believes will help to further strengthen its customer base and drive future growth.
In addition, the company is looking to explore new markets and create innovative ways to attract more customers. The company’s performance demonstrates its focus on delivering quality services and products to its customers, making it an attractive investment opportunity for investors in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for VAC. More…
| Total Revenues | Net Income | Net Margin |
| 4.79k | 374 | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for VAC. More…
| Operations | Investing | Financing |
| 331 | -52 | -407 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for VAC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.48k | 7k | 67.89 |
Key Ratios Snapshot
Some of the financial key ratios for VAC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | 36.3% | 14.9% |
| FCF Margin | ROE | ROA |
| 4.7% | 18.0% | 4.7% |
Analysis
At GoodWhale, we’ve conducted a thorough analysis of MARRIOTT VACATIONS WORLDWIDE’s wellbeing. Based on our Risk Rating, this company is considered a high risk investment, with significant potential financial and business risks. We have detected 3 risk warnings in the income sheet, balance sheet, and non financial areas. To check out the full report, sign up for a free account on goodwhale.com and access the data. Our platform is designed to help investors make informed decisions and protect their investments. 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 strong revenue growth of 1.2% in Q2 2023 compared to the same quarter last year. However, net income decreased 33.8% to USD 90 million. Despite this decline, investors may be encouraged by the improvement in revenue, suggesting that MARRIOTT VACATIONS WORLDWIDE’s operations remain stable and resilient in the face of headwinds from the pandemic. Given the company’s overall financial performance and prospects for future growth, investors may find MARRIOTT VACATIONS WORLDWIDE to be an attractive opportunity for long-term investments.
