Marriott Worldwide Inc MAR shares are buying and selling greater on Tuesday after the first-quarter FY25 earnings.
The corporate reported first-quarter 2025 gross sales progress of 4.7% year-on-year to $6.26 billion. It beat the analyst consensus estimate of $6.17 billion.
Comparable systemwide fixed greenback RevPAR elevated (in comparison with the primary quarter of FY24):
- 4.1% worldwide
- 3.3% within the U.S. and Canada, and
- 5.9% in worldwide markets.
The corporate added roughly 12,200 internet rooms throughout the quarter, a 4.6% enhance from the top of Q1 2024.
Whole bills elevated 4.2% Y/Y to $5.3 billion. Adjusted EBITDA for the quarter was $1.22 billion versus $1.14 billion a 12 months in the past.
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Working margin for the quarter expanded 50 foundation factors to fifteen.1%, with working earnings rising 8% to $948 million.
Adjusted EPS of $2.32 beat the consensus estimate of $2.25.
On the finish of the quarter, Marriott’s international system totaled almost 9,500 properties, with roughly 1,719,000 rooms. Marriott held $500 million in money and equivalents as of March 31.
Within the first quarter of 2025, Marriott repurchased 2.8 million shares of frequent inventory for $800 million. 12 months so far, by April 29, the corporate has returned over $1.2 billion to shareholders by dividends and share repurchases.
“The mixture of continued journey demand, the power of our manufacturers and our price pushed enterprise mannequin drove sturdy monetary ends in the primary quarter,” mentioned President and CEO Anthony Capuano.
Outlook: Marriott reaffirmed 2025 adjusted EPS outlook of $9.82 – $10.19 versus the $10.11 estimate and Gross price income of $5.365 billion – $5.475 billion..
The corporate expects second-quarter adjusted EPS of $2.57-$2.62 in opposition to an estimate of $2.68 and gross price income of $1.38 billion – $1.39 billion.
Worth Motion: Marriott shares traded greater by 2.1% at $252.47 ultimately examine Tuesday.
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