earnings
confidence high
sentiment positive
materiality 0.80
Marriott Q1 adjusted EPS $2.09 beats $1.25; raises full-year RevPAR guidance
MARRIOTT INTERNATIONAL INC /MD/
2023-Q1 EPS reported
$2.43
revenue$5,615,000,000
- Reported diluted EPS $2.43; adjusted diluted EPS $2.09 vs $1.25 in Q1 2022.
- Worldwide RevPAR +34.3%; U.S. & Canada +25.6%; international +63.1%.
- Adjusted EBITDA $1,098M vs $759M; full-year 2023 RevPAR growth outlook raised to 10-13%.
- Added ~11,000 rooms in Q1; pipeline ~502,000 rooms; acquired City Express brand (~17,000 rooms).
- Repurchased 6.8M shares for $1.1B in Q1; total shareholder returns $1.5B YTD.