Hilton Grand Vacations Publishes Q3 2026 Earnings Call Transcript
Bitget2026/11/06 21:52- Hilton Grand Vacations cut 2026 adjusted EBITDA guidance to $1.17 billion–$1.18 billion from $1.23 billion–$1.27 billion, citing weaker sales.
- The October 29 third-quarter earnings call featured CEO Mark Wang, President and CFO Daniel Mathewes, and investor relations head Mark Melnyk.
- Contract sales fell 11% to $807 million, missing expectations for a mid-single-digit decline as sales conversion initiatives gained traction slower than expected.
- Adjusted EBITDA rose 4% to $313 million, benefiting from a $55 million loan-loss allowance estimate change tied to consolidated provisioning methodology.
- Management maintained its $600 million annual share-repurchase target despite slowing purchases to $110 million during the quarter.
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