Marriott Vacations Worldwide (VAC) Misses Q2 EPS by 57c
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Marriott Vacations Worldwide (“MVW”) Reports Second Quarter 2023 Financial Results
August 2, 2023 4:15 PM EDTORLANDO, Fla.--(BUSINESS WIRE)-- Marriott Vacations Worldwide Corporation (NYSE: VAC) (the Company) reported second quarter 2023 financial results.
Second Quarter 2023 Highlights
Consolidated Vacation Ownership contract sales were $453 million, a 10% decrease compared to the second quarter of 2022, and VPG was $3,968. Net income attributable to common shareholders was $90 million compared to $136 million in the prior year, and fully diluted earnings per share decreased 27% to $2.17. Adjusted net income attributable to common shareholders was $90 million compared to $131 million in the prior year, and adjusted fully diluted... More