Categories Earnings, Other Industries

Marriott International (NASDAQ: MAR): Q3 2019 Earnings Snapshot

— Marriott International (NASDAQ: MAR) reported adjusted earnings of $1.47 per share for the third quarter of 2019, vs. $1.49 per share expected.

Marriott International (NASDAQ: MAR): Q3 2019 Earnings Snapshot

— On a reported basis, the hotel operator posted net income of $387 million or $1.16 per share, compared to $503 million or $1.43 per share last year

— Comparable systemwide constant dollar RevPAR rose 1.5% worldwide, 1.9% outside North America and 1.3% in North America

— Added more than 17,700 rooms during the quarter, including 3,100 rooms converted from competitor brands and 6,700 rooms in international markets

— At the end of the quarter, the development pipeline totaled 2,950 hotels and around 495,00 rooms

— Repurchased 3.8 million shares of common stock for $500 million during the quarter

— Expects comparable systemwide RevPAR, on a constant dollar basis, to be roughly up 1% in Q4

— Expects comparable systemwide RevPAR, on a constant dollar basis, to be about up 1% worldwide in fiscal 2019

— Anticipates global net room additions to be between 5% and 5.25% in 2019

— Expects FY19 adjusted earnings per share to be in the range of $5.87 to $5.90, down 5% from last year

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

McCormick (MKC) expects pricing to drive sales growth for the full year of 2022

Shares of McCormick & Co. Inc. (NYSE: MKC) were up on Thursday after the company beat sales estimates for the third quarter of 2022. Adjusted earnings, however, decreased from the

STZ Infographic: Highlights of Constellation Brands’ Q2 2023 earnings results

Constellation Brands, Inc. (NYSE: STZ) announced second-quarter 2023 earnings results on Thursday, reporting a 12% increase in net sales. Comparable earnings, adjusted for one-off items, climbed 33% year-over-year to $3.17

Conagra Brands (CAG) Q1 earnings beat estimates on higher revenues

Packaged Foods company Conagra Brands Inc. (NYSE: CAG) on Thursday said its first-quarter profit increased supported by a 10% revenue growth. Earnings also came in above the consensus forecast. At $2.90

Add Comment
Viewing Highlight