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Marriott Vacations Worldwide Corporation (VAC)
NYSE:VAC
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.61Last Year’s EPS
1.88Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 1.20%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong sales growth, high occupancy rates, and successful expansion into new markets, underscoring positive business momentum. However, challenges from natural disasters and higher financing costs present areas of concern. Overall, the company appears well-positioned for future growth with a solid financial foundation and strategic initiatives to drive efficiencies.Company Guidance
During the third quarter 2024 earnings call for Marriott Vacations Worldwide (VAC), the company reported several key metrics and strategic initiatives. Contract sales increased by 5% year-over-year, with tours rising by 10% and first-time buyer tours comprising approximately 55% of total tours, the highest level since 2019. Resort occupancy ran nearly 90%, and rental occupancy increased by 700 basis points year-over-year. The company also reported an adjusted EBITDA of $198 million, with a 30% margin in the Vacation Ownership segment. Looking forward, VAC aims to drive an incremental $50 million to $100 million in annual efficiencies over the next two years, focusing on cost structure improvements and operational streamlining. The new Waikiki Resort is expected to generate $30 million to $50 million in annual contract sales, and the company plans to expand their presence with new resorts in key markets such as Orlando. Furthermore, the company's digital initiatives saw significant traction, with nearly 60% of booking and transaction capabilities available digitally, contributing to operational efficiencies.Strong Resort Occupancy and Sales Growth
The company achieved nearly 90% resort occupancy and a 5% year-over-year increase in contract sales. First-time buyer tours grew double digits, and first-time buyer VPG increased 6% sequentially.
Expansion into Key Markets
The company opened a new 110-unit Waikiki Resort, expected to generate $30 million to $50 million in annual contract sales. Plans for a new Hyatt Vacation Club Resort in Orlando were also announced.
IT and Digital Advancements
Significant progress was made in digitizing consumer capabilities, with 60% of booking and transaction capabilities available digitally. The use of advanced data and analytics is enhancing sales targeting and efficiency.
Strong Financial Position
The company ended the quarter with over $900 million in liquidity and no corporate debt maturities until 2026. A successful securitization raised $445 million at a lower interest rate, reducing leverage to 3.9x.
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Marriott Vacations Worldwide Corporation (VAC) Earnings, Revenues Date & History
VAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $84.04 | $95.13 | +13.20% |
| Jul 31, 2024 | $82.95 | $76.38 | -7.92% |
| May 06, 2024 | $94.86 | $96.46 | +1.69% |
| Feb 21, 2024 | $84.53 | $92.62 | +9.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marriott Vacations Worldwide Corporation (VAC) report earnings?
Marriott Vacations Worldwide Corporation (VAC) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Marriott Vacations Worldwide Corporation (VAC) earnings time?
Marriott Vacations Worldwide Corporation (VAC) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VAC EPS forecast?
VAC EPS forecast for the fiscal quarter 2024 (Q4) is 1.61.
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