Close

Marriott Vacations Worldwide (VAC) Tops Q2 EPS by 12c; Raises Outlook

July 24, 2014 9:20 AM EDT

Marriott Vacations Worldwide (NYSE: VAC) reported Q2 EPS of $0.87, $0.12 better than the analyst estimate of $0.75. Revenue for the quarter came in at $410 billion versus the consensus estimate of $421.5 billion.

Marriott Vacations Worldwide sees FY2014 EPS of $2.64-$2.82, versus prior guidance of $2.42-$2.68 and the consensus of $2.62.

"Our second quarter results were strong across the board, with continued growth in VPG, development margin and adjusted EBITDA, as well as improving trends in our tour production," said Stephen P. Weisz, president and chief executive officer. "Adjusted development margin in our key North America segment improved to 26.3 percent, and total company development margin improved to 24.2 percent. After two quarters of solid performance, we are increasing our full year 2014 guidance for adjusted free cash flow, as well as total company and North America adjusted development margin, and raising the lower end of our full year adjusted EBITDA guidance."

For earnings history and earnings-related data on Marriott Vacations Worldwide (VAC) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Management Comments

Related Entities

Earnings