Marriott Worldwide Inc MAR shares are buying and selling increased 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 web rooms throughout the quarter, a 4.6% enhance from the top of Q1 2024.
Complete bills elevated 4.2% Y/Y to $5.3 billion. Adjusted EBITDA for the quarter was $1.22 billion versus $1.14 billion a yr in the past.
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Working margin for the quarter expanded 50 foundation factors to fifteen.1%, with working earnings growing 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 practically 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 widespread inventory for $800 million. Yr thus far, by way of April 29, the corporate has returned over $1.2 billion to shareholders by way of dividends and share repurchases.
“The mix of continued journey demand, the power of our manufacturers and our charge pushed enterprise mannequin drove robust monetary leads to 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 charge 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 charge income of $1.38 billion – $1.39 billion.
Worth Motion: Marriott shares traded increased by 2.1% at $252.47 finally examine Tuesday.
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