Marriott Vacations Worldwide (VAC) Misses Q3 EPS by 96c
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Marriott Vacations Worldwide Reports Third Quarter 2023 Financial Results
November 1, 2023 4:30 PM EDTORLANDO, Fla.--(BUSINESS WIRE)-- Marriott Vacations Worldwide Corporation (NYSE: VAC) (MVW or the Company) reported third quarter 2023 financial results.
Third Quarter 2023 Highlights
Consolidated Vacation Ownership contract sales were $438 million and volume per guest (VPG) increased $87 sequentially from the second quarter, or 2%, to $4,055. The Company estimates the Maui wildfires negatively impacted contract sales by $28 million and VPG by approximately $66, or 2%, in the quarter. Net income attributable to common shareholders was $42 million compared to $109 million in the prior year, and fully diluted... More