Marriott Vacations Worldwide Corporation (VAC)
NYSE:VAC
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Earnings Data
Report Date
Aug 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.94Last Year’s EPS
1.96Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Positive: The call emphasized improving commercial momentum (April contract sales +8%, North America +11%) and materially stronger cash generation (Q1 adjusted free cash flow $114M and full-year FCF guide $375M–$425M). Management raised contract sales guidance and launched concrete initiatives (loyalty tiers, Dream Vacation Packages, Inner Circle events, data-driven tour logistics) and organizational changes to drive higher VPGs and sustained growth. Near-term profitability was pressured in Q1 (adjusted EBITDA down 16%, margin -370 bps) by higher marketing/product costs and planned reductions in Asia, but management presented credible actions, asset monetization plans and demonstrated liquidity access, leading to a net positive outlook.Company Guidance
April Contract Sales Acceleration
Contract sales were up 8% year-over-year in April, powered by North America which was up 11%. April VPG increased by roughly $450 (~12.7% YoY), indicating early traction from newly implemented sales and marketing initiatives.
Raised Full-Year Contract Sales Guidance
Company increased its contract sales guidance to +3% to +7% for the year (up from prior guidance). Tours are expected to decline 1% to 3% (driven by planned Asia reductions) while VPG is expected to increase in the mid- to high-single-digit range. Q2 contract sales expected +4% to +8%; Q2 adjusted EBITDA expected $197M to $202M.
Strong Q1 Cash Generation and Improved Liquidity
Adjusted free cash flow was $114 million in Q1, up $74 million year-over-year. Company completed a $460 million securitization at a blended 4.86% interest rate with a 98% advance rate, demonstrating access to the ABS market and improved liquidity.
Asset Dispositions and Capital Allocation Plan
Closed sale of the Westin Cancun (~$50M proceeds included in Q1 adjusted free cash flow) and has listed additional non-core assets targeting more than $125 million gross proceeds this year. Management remains on track to monetize $200M to $250M of assets by end of 2027 and plans to balance proceeds between deleverage, dividends and opportunistic buybacks.
Operational Initiatives and Organizational Restructuring
Leadership and organizational changes implemented (hiring of COO and new sales/marketing leaders, frontline hires, completed workforce reductions). New initiatives launched or announced include new owner loyalty tiers (May 1), Dream Vacation Packages, data-driven tour logistics, compensation realignment for sales and marketing (May 1), and the Inner Circle experiential event program (launch planned June 22) expected to improve tour quality, VPG and long-term revenue.
High Resort Occupancy and Owner Utilization Visibility
Resort occupancy expected to be 88% to 90% in Q2 and for the full year. 96% of expected owner utilization for Q2 is already booked. The company highlighted ~110,000 predictable future tours from preview packages for 2026 arrivals, providing good near-term visibility to demand.
Portfolio Credit Performance and Adequate Reserves
Sales reserve was 12.3% of contract sales in the quarter. 120-day delinquencies were up 17 basis points YoY but down 45 basis points versus 2024; defaults were unchanged. Management reported that 2025 receivable originations are performing in line with expectations and that reserves remain adequate.
Marriott Vacations Worldwide Corporation (VAC) Earnings, Revenues Date & History
VAC 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
VAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $69.50 | $72.98 | +5.00% |
Feb 25, 2026 | $56.74 | $66.19 | +16.65% |
Nov 05, 2025 | $64.92 | $47.78 | -26.40% |
Aug 04, 2025 | $71.02 | $69.71 | -1.84% |
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 (VAC) report earnings?
Marriott Vacations Worldwide Corporation (VAC) is schdueled to report earning on Aug 10, 2026, Before Open (Confirmed).
What is Marriott Vacations Worldwide Corporation (VAC) earnings time?
Marriott Vacations Worldwide Corporation (VAC) earnings time is at Aug 10, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is VAC EPS forecast?
VAC EPS forecast for the fiscal quarter 2026 (Q2) is 1.94.