Marriott Vacations Worldwide Corporation (DE:M8V)
FRANKFURT:M8V
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.48Last Year’s EPS
1.42Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced notable near‑term headwinds (declining contract sales, lower VPG, tour reductions, material impairments and leverage above target) with decisive corrective actions (capital expenditure reductions, asset monetization plan of $200M–$250M, repaying convertible debt, modernization benefits and free cash flow guidance). Management emphasized immediate focus on profitability, cash flow and organizational changes, expects a bumpy first half but improvement in the second half, and provided modestly positive adjusted EBITDA and free cash flow guidance for 2026. Overall the narrative is one of pragmatic retrenchment and active remediation with an aim to stabilize and return to growth over time.Company Guidance
Adjusted EBITDA and Profitability Focus
Reported Q4 adjusted EBITDA of $186M and full-year adjusted EBITDA of $751M; 2026 guidance of $755M–$780M (slight increase at midpoint) reflecting management actions to improve profitability and free cash flow.
Free Cash Flow Guidance and Conversion
Guided adjusted free cash flow of $375M–$425M for 2026 with adjusted free cash flow conversion of 50%–55%, which includes roughly $100M of expected cash inflows from the Cancun hotel sale and monetization of dollar‑denominated Asian notes.
Asset Monetization Plan
Announced monetizable non-core asset target of $200M–$250M over the next two years in addition to the $50M sale of The Westin Cancun, intended to accelerate debt reduction and/or returns to shareholders.
Capital Spending Reductions
Reduced planned capital spending for 2026 by $70M–$80M through eliminating one project, deferring another, and pausing a previously announced Hyatt-branded development in Orlando to better match inventory to demand.
Balance Sheet Actions
Repaid $575M convertible notes in January and ended the quarter with $3.2B net corporate debt; management reiterated long-term target of ~3x net debt/EBITDA while current leverage stood at 4.2x.
Restructuring Asia Strategy to Improve Cash Flow
Deliberate reduction in Asia Pacific tours (intentional 30% reduction in 2026) and elimination/deferral of certain Asia projects to improve profitability and cash generation.
Recurring High‑Margin Revenue Resilience
Management and exchange profit increased 9% to $92M and financing profit increased 10% to $53M in the quarter, highlighting resilient, high‑margin revenue streams.
Modernization Program Benefits
Modernization initiatives contributed approximately $35M of adjusted EBITDA benefit in 2025 and additional benefits are expected in 2026; company will fold future program benefits into core guidance.
Pipeline and Owner Base
Ended 2025 with a pipeline of ~270,000 packages (one‑third activated for tours in 2026) and added ~100,000 new first‑time buyers over the past five years, supporting future upgrade/sales opportunities.
Talent Recovery and Sales Recruitment
Actively recruited and re‑onboarded many top performers after prior attrition; management reports roughly 35 top sales executives have returned and are ramping up.
Improved Credit Metrics and Owner Finance Trends
Delinquencies declined toward 2022 levels and financing propensity rose to 56% in the quarter; sales reserve remained 12.7% of contract sales.
Marriott Vacations Worldwide Corporation (DE:M8V) Earnings, Revenues Date & History
DE:M8V Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:M8V Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | €46.43 | €57.29 | +23.40% |
Nov 05, 2025 | €55.52 | €50.65 | -8.77% |
Aug 04, 2025 | €60.74 | €61.70 | +1.59% |
May 07, 2025 | €48.10 | €51.44 | +6.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Marriott Vacations Worldwide Corporation (DE:M8V) report earnings?
Marriott Vacations Worldwide Corporation (DE:M8V) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Marriott Vacations Worldwide Corporation (DE:M8V) earnings time?
Marriott Vacations Worldwide Corporation (DE:M8V) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What is the P/E ratio of Marriott Vacations Worldwide Corporation stock?
The P/E ratio of Marriott Vacations Worldwide Corporation is N/A.
What is DE:M8V EPS forecast?
DE:M8V EPS forecast for the fiscal quarter 2026 (Q1) is 1.48.