IHG profit-takers check out as guidance disappoints
Portfolio Pulse from
Intercontinental Hotels Group PLC (IHG) shares fell 4% after reporting full-year results that met expectations but included higher-than-expected guidance for interest rate payments and 'key money' costs. These factors are seen as potential headwinds.
February 18, 2025 | 12:45 pm
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IHG shares declined 4% due to higher-than-expected guidance for interest rate payments and 'key money' costs, despite meeting revenue, EBIT, and EPS expectations.
The decline in IHG's share price is attributed to the market's reaction to higher-than-expected interest and 'key money' costs, which are seen as potential financial burdens despite the company meeting other financial expectations.
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