Marriott Vacations Worldwide Corporation (VAC) Q2 2023 Earnings Call Transcript

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Q2: 2023-08-02 Earnings Summary

EPS of $2.19 misses by $0.68
 | Revenue of $1.18B (1.20% Y/Y) misses by $66.04M

Marriott Vacations Worldwide Corporation (NYSE:VAC) Q2 2023 Earnings Call Transcript August 3, 2023 8:30 AM ET

Company Participants

Neal Goldner - Vice President-Investor Relations
John Geller - President & Chief Executive Officer
Anthony Terry - Executive Vice President & Chief Financial Officer

Conference Call Participants

Chris Woronka - Deutsche Bank
Brandt Montour - Barclays
David Katz - Jefferies
Patrick Scholes - Truist Securities

Operator

Greetings, and welcome to the Marriott Vacations Worldwide Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Mr. Neal Goldner, Vice President, Investor Relations for Marriott Vacations Worldwide. Please go ahead.

Neal Goldner

Thank you, Melissa, and welcome to the Marriott Vacations Worldwide Second Quarter 2023 Earnings Conference Call. I am joined today by John Geller, President and Chief Executive Officer; Tony Terry, our Executive Vice President and Chief Financial Officer; and Jason Marino, who will be assuming the role of CFO effective September 30 when Tony retires.

I need to remind everyone that many of our comments today are not historical facts and are considered forward-looking statements under the federal securities laws. These statements are subject to numerous risks and uncertainties as described in our SEC filings, which could cause future results to differ materially from those expressed in or implied by our comments. Forward-looking statements in the press release that we issued last night, as well as our comments on this call are effective only when made and will not be updated as actual events unfold.

Throughout the call, we will make references to non-GAAP financial information. You can find a reconciliation of non-GAAP financial measures referred to in our

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