Marriott Vacations Worldwide Corp VAC:NYSE

Last Price$147.06Cboe Real-Time Last Sale as of 11:02AM ET 8/11/22
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Today's Change+2.11(1.46%)
Bid (Size)$145.82 (100)
Ask (Size)$146.27 (6)
Day Low / High$146.61 - 148.49
Volume72.3 K

Marriott Vacations Worldwide Raises 2022 Guidance

8:43AM ET 6/16/2022 MT Newswires
Marriott Vacations Worldwide (VAC) on Thursday raised its full-year 2022 guidance.

The company increased its outlook for adjusted EBITDA to a range of $880 million to $930 million. Its previous guidance said it expected a range of $860 million to $920 million.

It now expects an adjusted free cash flow of $590 million to $670 million, up from a previous outlook of $560 million to $640 million. The company said in part due to "very high owner occupancies at our resorts" during Q2, it is increasing its full-year contract sales guidance by $100 million.

The latest guidance did not provide changes to Marriott Vacations' earnings per share outlook. It previously said it expects diluted adjusted earnings of $9.13 to $10.09 for the full year.

Price: 128.81, Change: +0.56, Percent Change: +0.44