Marriott International's Second Quarter: A Strong Performance
Marriott International had a strong second quarter.
Here's a breakdown of the key indicators:
Positive Financial Performance
Revenue growth: The company saw a significant increase in RevPAR (Revenue Per Available Room) both domestically and internationally.
Profitability: Net income, adjusted net income, and adjusted EBITDA all increased compared to the previous year, indicating improved profitability.
Earnings per share (EPS): Both reported and adjusted diluted EPS grew, reflecting higher earnings for shareholders.
Expansion and Growth
Room additions: Marriott continued to expand its footprint by adding a substantial number of rooms to its portfolio.
Pipeline growth: The company has a robust development pipeline, indicating strong future growth prospects.
Shareholder Returns
Share repurchases: Marriott returned a significant amount of capital to shareholders through share repurchases.
Overall, the provided data suggests that Marriott International delivered a solid performance in the second quarter, characterized by revenue growth, increased profitability, expansion, and shareholder returns
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Goodjobguys OP : If I were me, I would buy the dip now!!! Marriott 2nd quarter has an amazing result, the dip now is across the board… I forsee this stock will rise after this crazy run today! Personal opinion!