Checking In: Hilton Grand Vacations' Q1 Performance Exceeds Estimates, Backs Outlook
Portfolio Pulse from Lekha Gupta
Hilton Grand Vacations Inc. (NYSE:HGV) reported a strong first-quarter FY24 performance with sales rising to $1.16 billion from $934 million a year ago, surpassing the consensus estimate of $1.12 billion. The company saw an increase in real estate sales and financing segment revenues to $687 million, and total contract sales grew by $108 million Y/Y to $631 million, including contributions from Bluegreen Vacations. Adjusted EBITDA and EPS both exceeded expectations, and the company continued its share repurchase program. HGV reiterated its FY24 guidance for Adjusted EBITDA and highlighted its focus on integrating Bluegreen Vacations and exploring new growth avenues.

May 09, 2024 | 4:52 pm
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Hilton Grand Vacations Inc. reported a strong Q1 FY24 with sales and earnings surpassing estimates, significant contributions from Bluegreen Vacations, and a positive outlook for FY24.
The positive earnings report and surpassing of sales and EPS estimates indicate a strong financial performance and operational efficiency. The successful integration of Bluegreen Vacations and the focus on new growth avenues are likely to foster investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100