Hilton Grand Vacations reports Q1 EPS 95c, consensus 72c

Reports Q1 revenue $1.156B, consensus $1.12B. Reports adjusted EBITDA attributable to stockholders for the first quarter was $273 million compared to $218 million for the same period in 2023. “We started the year on a positive note, and we’re very encouraged by the momentum we built as we progressed through the quarter,” said Mark Wang, CEO of Hilton Grand Vacations. “Our owner business continued to outperform, and our package activations returned to near-record levels, leaving us optimistic that consumers’ intention to travel remains strong. As we look out to the rest of the year, we’re focused on integrating Bluegreen Vacations and advancing our rebranding plans, while engaging with our new partners to explore new avenues for growth. In addition, our recently announced partnership with Great Wolf Lodge supports our commitment to expanding our lead channels and tour flow, while also providing our members with new compelling vacation options.”