---
schema_version: "secwatch.filing_event.v1"
accession: "0001524358-24-000073"
form_type: "8-K"
ticker: "VAC"
cik: "0001524358"
company_name: "MARRIOTT VACATIONS WORLDWIDE Corp"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:21:46.084477+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Marriott Vacations Q2 net income down 59% YoY; raises sales reserve by $70M; cuts outlook

## Summary
- Contract sales $449M, down 1% YoY; ex-Maui up 3%. Tours up 5% but VPGs declined, especially first-time buyer.
- Increased sales reserve by $70M for higher expected defaults, reducing net income by $45M.
- Net income $37M ($0.98 diluted EPS) vs $90M ($2.37) prior year; adjusted net income $42M ($1.10).
- Adjusted EBITDA $157M, down 29% YoY; full-year contract sales guidance revised lower for H2.
- Resort occupancy 90% in Q2; rentals exceeded expectations but loan delinquencies not improving.

## SEC filing metadata
- accession: 0001524358-24-000073
- form_type: 8-K
- ticker: VAC
- cik: 0001524358
- company_name: MARRIOTT VACATIONS WORLDWIDE Corp
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1524358/000152435824000073/0001524358-24-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1524358/000152435824000073/vac-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001524358-24-000073
- JSON: https://secwatch.observer/filing/0001524358-24-000073.json
- Plain text: https://secwatch.observer/filing/0001524358-24-000073.txt

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