Marriott (MAR) Tops Q3 EPS by 1c; Raises RevPAR Guidance

Marriott (NASDAQ: MAR) reported Q3 EPS of $2.11, $0.01 better than the analyst estimate of $2.10. Revenue for the quarter came in at $5.93 billion versus the consensus estimate of $5.86 billion.

Third quarter 2023 comparable systemwide constant dollar RevPAR increased 8.8 percent worldwide, 4.3 percent in the U.S. & Canada, and 21.8 percent in international markets, compared to the 2022 third quarter.

GUIDANCE:

With continued momentum in our business around the world, we are raising our full year 2023 worldwide RevPAR growth guidance to 14 to 15 percent year over year and expect to return $4.3 billion to $4.5 billion to shareholders through share repurchases and dividends.\"

For earnings history and earnings-related data on Marriott (MAR) click here.

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