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
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