---
schema_version: "secwatch.filing_event.v1"
accession: "0001524358-23-000028"
form_type: "8-K"
ticker: "VAC"
cik: "0001524358"
company_name: "MARRIOTT VACATIONS WORLDWIDE Corp"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:09:10.253013+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Marriott Vacations reports Q2 net income $90M ($2.17 EPS), contract sales down 10% YoY

## Summary
- Contract sales $453M (-10% YoY); VPG $3,968 (-14% YoY); tours +4%.
- Net income $90M vs $136M prior; diluted EPS $2.17 (-27%).
- Adjusted EBITDA $222M (-13% YoY); Segment Adjusted EBITDA $245M.
- Repurchased 621k shares for $82M; Board increased buyback auth. to $600M.
- Updated FY2023 outlook; expect full-year contract sales growth.

## SEC filing metadata
- accession: 0001524358-23-000028
- form_type: 8-K
- ticker: VAC
- cik: 0001524358
- company_name: MARRIOTT VACATIONS WORLDWIDE Corp
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1524358/000152435823000028/0001524358-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1524358/000152435823000028/vac-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001524358-23-000028
- JSON: https://secwatch.observer/filing/0001524358-23-000028.json
- Plain text: https://secwatch.observer/filing/0001524358-23-000028.txt

## Key facts
- Earnings Releases
  MARRIOTT VACATIONS WORLDWIDE Corp reported the quarter ended June 30, 2023 results: net income $90 million, EPS $2.17.
  - Period: the quarter ended June 30, 2023
  - Net income: $90 million
  - EPS: $2.17
  - Result: reported results
  source text: Net income attributable to common shareholders was $90 million compared to $136 million in the prior year, and fully diluted earnings per share decreased 27% to $2.17.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1524358/000152435823000028/0001524358-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.