Marriott Q1 reported EPS fell to $1.93 from $2.43; revenue rose 6%, guidance raised
Marriott reported first quarter 2024 results with total revenues up 6% to $5,977 million, but reported diluted EPS fell to $1.93 from $2.43 and reported net income fell to $564 million from $757 million. The company raised its full-year 2024 adjusted EPS outlook to $9.31 to $9.65 and expects to return $4.2 billion to $4.4 billion to shareholders in 2024.
Key points
- Adjusted diluted EPS rose to $2.13 from $2.09; adjusted net income fell to $620 million from $648 million.
- Worldwide comparable systemwide constant dollar RevPAR rose 4.2%, with U.S. & Canada up 1.5% and international markets up 11.1%.
- Full-year 2024 adjusted EBITDA outlook is $4,960 million to $5,090 million; investment spending is $1,000 million to $1,200 million.
- Marriott repurchased 4.8 million shares for $1.2 billion in the first quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.