Marriott Vacations reported first-quarter revenues of $1.26 billion, up 4.8% year on year and exceeding analysts' expectations by 4.6%, though adjusted operating income and EPS significantly missed estimates. The company expects second-quarter contract sales to increase 4% to 8% and adjusted EBITDA between $187 million and $202 million. Among the 19 consumer discretionary travel and vacation providers tracked, the group overall beat revenue consensus by 1.6% but provided next-quarter revenue guidance 8.1% below expectations. Sabre posted the strongest quarter with revenues of $760.3 million, up 8.3% year on year and beating estimates by 4.4%, while Delta Air Lines reported revenues of $15.85 billion, up 12.9% year on year but missed EPS estimates and guidance. Marriott Vacations shares have risen 42.2% since the report.
Marriot Vacations WorldwideMarriott Vacations reported revenue beat and stock surged 42.2%.
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