Marriott International Inc. (NASDAQ: MAR) reported its first-quarter 2020 results, which were dramatically impacted by the COVID-19 global pandemic. The bottom line was hurt by impairment charges, bad debt expense, and guarantee reserves related to the COVID-19.
The company added 88 new properties (14,525 rooms) to its worldwide lodging portfolio during Q1, including nearly 2,100 rooms converted from competitor brands and about 7,200 rooms in international markets. Eighteen properties (3,670 rooms) exited the system during the quarter.
Due to the numerous uncertainties associated with COVID-19, Marriott cannot presently estimate the financial impact of this unprecedented situation, which is highly dependent on the severity and duration of the pandemic and its impacts, but expects that COVID-19 will continue to be material to the company’s results.
Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism
Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has
Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were