Hilton Worldwide Q3: ~13% Topline Increase, Inline EPS, Solid RevPAR Growth & More
Portfolio Pulse from Shivani Kumaresan
Hilton Worldwide Holdings Inc (HLT) reported Q3 FY23 sales growth of 12.8% YoY to $2.673 billion, beating the analyst consensus estimate of $2.62 billion. The company also reported a 6.8% YoY increase in RevPAR and added 35,500 rooms to its system. Total expenses for the quarter rose 15.8% and the operating margin was 24.4%. Hilton raised its FY23 adjusted EPS outlook from $5.93-$6.06 to $6.04-$6.09. HLT shares are down 0.47% at $148.94 premarket Wednesday.
October 25, 2023 | 1:04 pm
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Hilton reported strong Q3 FY23 results with sales growth and RevPAR increase. The company also raised its FY23 adjusted EPS outlook. However, HLT shares are down in premarket trading.
Hilton reported strong Q3 FY23 results, beating sales estimates and raising its EPS outlook, which are positive signals for the company's performance. However, despite the strong results, HLT shares are down in premarket trading, indicating a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100