Hilton Grand Vacations (HGV) Tops Q1 EPS by 19c

Hilton Grand Vacations (NYSE: HGV) reported Q1 EPS of $0.79, $0.19 better than the analyst estimate of $0.60. Revenue for the quarter came in at $934 million versus the consensus estimate of $896.98 million.

The Company is reiterating its 2023 guidance for Adjusted EBITDA excluding deferrals and recognitions to be in a range of $1,090 million to $1,120 million.

"We delivered a strong first quarter, driven by growing interest in our product from new buyers and an acceleration in our tour flow,\" said Mark Wang, president and CEO of Hilton Grand Vacations. \"Our forward demand indicators leave us optimistic about the year ahead, with robust arrivals and record preview package sales indicating healthy future occupancy and tour flow trends – suggesting continued strength in the leisure travel environment.\"

For earnings history and earnings-related data on Hilton Grand Vacations (HGV) click here.

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