Marriott Vacations Worldwide ("MVW") Reports Second Quarter 2020 Financial Results

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Marriott Vacations Worldwide (VAC) Misses Q1 EPS by 52c, Revenues Beat

July 29, 2020 4:18 PM EDT

Marriott Vacations Worldwide (NYSE: VAC) reported Q1 EPS of ($1.76), $0.52 worse than the analyst estimate of ($1.24). Revenue for the quarter came in at $480 million versus the consensus estimate of $445.57 million.

Second Quarter 2020 Highlights and Operational Update:

Consolidated Vacation Ownership contract sales totaled $30 million in the second quarter of 2020.Net loss attributable to common shareholders was $70 million, or $1.68 loss per fully diluted... More