Marriott Vacations Worldwide (VAC) reported Q1 adjusted earnings late Wednesday of $1.66 per diluted share, down from $1.80 a year earlier.

Analysts polled by FactSet expected $1.51.

Revenue for the quarter that ended March 31 was $1.20 billion, flat from a year earlier.

Analysts surveyed by FactSet expected $1.21 billion.

For 2025, the company expects adjusted EPS of $6.40 to $7.10, compared with the $6.30 to $7 outlook set out on Feb. 26 alongside its Q4 results. Analysts surveyed by FactSet expect $6.57.

Contract sales for the year are projected to be between $1.74 billion and $1.83 billion, versus the $1.85 billion to $1.93 billion previously anticipated.