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Investing.com - Marriott International (NASDAQ:MAR) reported first-quarter 2025 earnings on Tuesday that surpassed analyst expectations, but noted slower growth in its U.S. and Canada markets.
The hotel giant’s stock edged down 0.4% following the announcement.
The company posted adjusted earnings per share of $2.32, beating the analyst estimate of $2.26 by $0.06. Revenue for the quarter came in at $6.26 billion, slightly above the consensus estimate of $6.2 billion and up from the same quarter last year.
Anthony Capuano, President and CEO, stated, "Despite heightened macro-economic uncertainty, global RevPAR rose over 4 percent, primarily driven by higher ADR, and our development momentum remained positive."
The company’s development pipeline grew 7.4% YoY, totaling approximately 3,800 properties and over 587,000 rooms at the end of the quarter.
Marriott now expects its full-year 2025 net rooms growth to approach 5%, assuming the recently announced acquisition of the citizenM brand closes before year-end.
The company repurchased 2.8 million shares of common stock for $0.8 billion in the first quarter. Year-to-date through April 29, Marriott has returned over $1.2 billion to shareholders through dividends and share repurchases.
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