secwatch.observer — SEC 8-K summary
======================================

Issuer:     MARRIOTT INTERNATIONAL INC /MD/ (MAR)
CIK:        0001048286
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001628280-23-026343
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048286/000162828023026343/0001628280-23-026343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048286/000162828023026343/mar-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-026343

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer