HGV reports Q2 non-GAAP EPS of $0.89 and revenue of $1.36 billion, missing estimates by $0.12 and $40M respectively.
Hilton Grand Vacations posted Q2 non-GAAP earnings per share of $0.89, missing estimates by $0.12. Revenue reached $1.36 billion, a 7.1% year-over-year increase but $40 million below expectations.
The company attributed the revenue shortfall to a $54 million net construction deferral. Total contract sales for the quarter were $810 million, reflecting ongoing operational challenges.
Shares may face pressure as investors assess the earnings miss and its impact on near-term growth projections.