Marriott Q2 2023: Adjusted EPS $2.26 beats $1.80; raises full-year RevPAR & EPS guidance

MARRIOTT INTERNATIONAL INC /MD/

2023-Q2 EPS reported $4.81 revenue$11,690,000,000

Q2 reported EPS $2.38 (vs $2.06), adjusted EPS $2.26 (vs $1.80); RevPAR up 13.5% worldwide.
Added 33,100 rooms in Q2 including City Express; pipeline 547K rooms; MGM deal adds ~37,000 rooms.
Raised FY2023 guidance: RevPAR growth 12-14%, adjusted EPS $8.36-$8.65, EBITDA $4.535-4.65B.
Q3 guidance: RevPAR growth 6-8% worldwide, 2-4% US/Canada, 17-19% international.
Repurchased 5.2M shares ($903M) in Q2; plans $4.1-4.5B shareholder return in 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARRIOTT INTERNATIONAL INC /MD/ reported the quarter ended June 30, 2023 results: net income $726 million, EPS $2.38. Guidance raised.

Period: the quarter ended June 30, 2023
Net income: $726 million
EPS: $2.38
Guidance: raised
Result: reported results

Exact text from the filing

Reported net income totaled $726 million in the 2023 second quarter, compared to 2022 second quarter reported net income of $678 million. Reported diluted earnings per share (EPS) totaled $2.38 in the quarter, compared to reported diluted EPS of $2.06 in the year-ago quarter.

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Source: SEC EDGAR

accession 0001628280-23-026343

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