Marriott Vacations reports Q2 adjusted EPS $1.96, consensus $1.73

Reports Q2 revenue $1.246B, consensus $1.22B. “We delivered strong results in the quarter driving higher year-over-year first time buyer sales and reiterating our full year guidance, reflecting the resilience of our business model and the hard work of our associates,” said John Geller, president and chief executive officer. “Exiting the first half of the year, our business is well positioned. Leisure consumers continue to prioritize travel and timeshare remains a great value for many of them, and we remain on track to deliver $150 million to $200 million in annualized Adjusted EBITDA benefits from our modernization program by the end of next year.”