- Marriott reported Q2 adjusted EPS of $3.19, above analyst estimates of $3.05 to $3.08, while revenue of $7.07 billion missed consensus estimates of $7.17 billion to $7.26 billion.
- The company raised its FY26 outlook, including global RevPAR growth of 3% to 3.5%, adjusted EBITDA of $5.97 billion to $6.03 billion, and adjusted EPS growth of 16% to 18%.
- Investors focused on slower expected growth: Marriott guided Q3 adjusted EPS to $2.74 to $2.82 and adjusted-profit growth to 7% to 9%, versus 13% growth in Q2; shares fell 4% in pre-market trading.
- North American demand remained strong, with U.S. and Canada RevPAR up 5%, but international performance was pressured by a 43% RevPAR decline in the Middle East.
Quotes
“We reported a very strong second quarter this morning, with RevPAR and financial results above our prior expectations”