secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001524358-23-000028
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435823000028/0001524358-23-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435823000028/vac-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001524358-23-000028

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