Marriott Tops This fall EPS by 13c, Income Beats By Investing.com

© Reuters. Marriott (MAR) Tops This fall EPS by 13c, Income Beats

Marriott (MAR) reported This fall EPS of $1.96, $0.13 higher than the analyst estimate of $1.83. Income for the quarter got here in at $5.92 billion versus the consensus estimate of $5.39 billion.

• Fourth quarter 2022 comparable systemwide fixed greenback RevPAR elevated 28.8 p.c worldwide, 23.6 p.c within the U.S. & Canada, and 45.1 p.c in worldwide markets, in comparison with the 2021 fourth quarter;
• Fourth quarter 2022 comparable systemwide fixed greenback RevPAR elevated 4.6 p.c worldwide, 5.2 p.c within the U.S. & Canada, and three.4 p.c in worldwide markets, in comparison with the 2019 fourth quarter;
• Fourth quarter reported diluted EPS totaled $2.12, in comparison with reported diluted EPS of $1.42 within the year-ago quarter. Fourth quarter adjusted diluted EPS totaled $1.96, in comparison with fourth quarter 2021 adjusted diluted EPS of $1.30;
• Fourth quarter reported internet revenue totaled $673 million, in comparison with reported internet revenue of $468 million within the year-ago quarter. Fourth quarter adjusted internet revenue totaled $622 million, in comparison with fourth quarter 2021 adjusted internet revenue of $430 million;
• Adjusted EBITDA totaled $1,090 million within the 2022 fourth quarter, in comparison with fourth quarter 2021 adjusted EBITDA of $741 million;
• The corporate added greater than 65,000 rooms globally throughout 2022, together with roughly 40,000 rooms in worldwide markets and practically 17,500 conversion rooms. Internet rooms grew 3.1 p.c from year-end 2022;
• On the finish of the yr, Marriott’s worldwide growth pipeline totaled over 3,000 properties and greater than 496,000 rooms, together with roughly 22,300 rooms permitted, however not but topic to signed contracts. Roughly 199,000 rooms within the pipeline had been beneath development as of the top of 2022;
• For full yr 2022, Marriott repurchased 16.8 million shares of widespread inventory for $2.6 billion, together with 8.7 million shares for $1.4 billion within the fourth quarter. The corporate returned $2.9 billion to shareholders in 2022.

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