earnings
confidence high
sentiment positive
materiality 0.80
Marriott Q3 adjusted EPS $2.26 beats year-ago $2.11; RevPAR up 3% globally
MARRIOTT INTERNATIONAL INC /MD/
2024-Q3 EPS reported
$6.69
revenue$18,671,000,000
- Adjusted diluted EPS $2.26 vs $2.11 YoY; GAAP EPS $2.07 due to $19M operating guarantee reserve and $11M litigation charge.
- Global RevPAR +3.0% (constant $); U.S. & Canada +2.1%; international +5.4% led by APEC and EMEA.
- Net rooms grew ~6% over 4 quarters; pipeline record 585k rooms; full-year net rooms growth raised to ~6.5%.
- Returned $3.9B YTD through Oct 31 via buybacks/dividends; full-year target ~$4.4B.
- New cost reduction initiative expected to deliver $80-90M annual G&A savings starting 2025.