Marriot (MAR) delivers mixed Q1 results, hikes profit outlook; shares down

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MARRIOTT INTERNATIONAL REPORTS FIRST QUARTER 2024 RESULTS

May 1, 2024 7:00 AM EDT

First quarter 2024 comparable systemwide constant dollar RevPAR increased 4.2 percent worldwide, 1.5 percent in the U.S. & Canada, and 11.1 percent in international markets, compared to the 2023 first quarter;

First quarter reported diluted EPS totaled $1.93, compared to reported diluted EPS of $2.43 in the year-ago quarter. First quarter adjusted diluted EPS totaled $2.13, compared to first quarter 2023 adjusted diluted EPS of $2.09;

First quarter reported net... More