The earnings call reflects a balanced sentiment with strong performance in adjusted EBITDA, resort occupancy, and first-time buyer sales. However, this is offset by challenges in contract sales, rental profits, and increased loan loss provisions. The company's modernization initiatives and positive outlook for the second half provide an optimistic view, but current financial challenges temper the overall sentiment.

Company Guidance -

Q3 2025

In the second quarter of 2025, Marriott Vacations Worldwide reported $203 million in adjusted EBITDA, maintaining their full-year guidance amidst strong demand for leisure travel. The company achieved nearly 90% resort occupancy, with notable performance in locations such as Maui, Coastal Florida, and the Caribbean, though Las Vegas showed relative weakness. Contract sales were down slightly by less than 1% for the quarter, but first-time buyer sales saw a year-over-year increase, representing one-third of total contract sales, up 200 basis points from the previous year. The modernization initiative is expected to yield $150 million to $200 million in run-rate benefits by 2026, with half from revenue initiatives and the other half from cost savings. Additionally, the company ended the quarter with a sales reserve of 13% of contract sales, while delinquencies decreased by 50 basis points sequentially and 110 basis points year-over-year. Looking ahead, Marriott Vacations expects to maintain high occupancy rates and sees strong owner reservations for the rest of the year, with nearly 270,000 packages in the pipeline and 30% scheduled to take a tour in the second half of the year.

Strong Adjusted EBITDA Performance

Marriott Vacations Worldwide delivered $203 million in adjusted EBITDA for the quarter, reiterating full-year guidance, reflecting continued demand for leisure travel.

High Resort Occupancy Rates

The company reported nearly 90% resort occupancy with strength in locations like Maui, Coastal Florida, and the Caribbean.

Modernization Initiative Progress

The company is on track to deliver $150 million to $200 million in run rate benefits by the end of 2026, with half coming from revenue initiatives and the other half from cost savings and efficiencies.

First-Time Buyer Sales Increase

First-time buyer sales were up year-over-year for the fourth consecutive quarter, with first-time buyers representing one-third of total contract sales, up 200 basis points from a year ago.

Strong Financing Profit

Financing profit increased by 7% to $53 million, indicating strong performance in this segment.

Positive Outlook for the Second Half

Occupancy is expected to remain high with increasing tour capture rates, and the company ended the quarter with nearly 270,000 packages in the pipeline.

Marriott Vacations Worldwide Corporation (VAC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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VAC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	1.66 / -	1.8	―	―	―
Aug 04, 2025	2025 (Q2)	1.77 / 1.96	1.1	78.18% (+0.86)
May 07, 2025	2025 (Q1)	1.51 / 1.66	1.8	-7.78% (-0.14)
Feb 26, 2025	2024 (Q4)	1.52 / 1.86	1.88	-1.06% (-0.02)
Nov 06, 2024	2024 (Q3)	1.57 / 1.80	1.2	50.00% (+0.60)
Jul 31, 2024	2024 (Q2)	1.99 / 1.10	2.19	-49.77% (-1.09)
May 06, 2024	2024 (Q1)	1.69 / 1.80	2.54	-29.13% (-0.74)
Feb 21, 2024	2023 (Q4)	1.75 / 1.88	2.74	-31.39% (-0.86)
Nov 01, 2023	2023 (Q3)	2.09 / 1.20	3.02	-60.26% (-1.82)
Aug 02, 2023	2023 (Q2)	2.76 / 2.19	2.87	-23.69% (-0.68)

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
Aug 04, 2025	$74.35	$72.98	-1.84%
May 07, 2025	$57.52	$63.57	+10.52%
Feb 26, 2025	$83.44	$75.71	-9.26%
Nov 06, 2024	$82.13	$92.97	+13.20%

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 Nov 11, 2025, Before Open (Confirmed).

What is Marriott Vacations Worldwide Corporation (VAC) earnings time?

Marriott Vacations Worldwide Corporation (VAC) earnings time is at Nov 11, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VAC EPS forecast?

VAC EPS forecast for the fiscal quarter 2025 (Q3) is 1.66.

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