Hilton Grand Vacations reports Q2 adjusted EPS 54c, consensus 81c

Reports Q2 revenue $1.27B, consensus $1.38B. “I’m pleased with our performance in the second quarter, highlighted by double-digit contract sales growth driven by improved execution,” said Mark Wang, CEO of Hilton Grand Vacations (HGV). “Our team’s dedicated efforts to advance our initiatives produced solid operating results, and our Financing Business Optimization helped drive another quarter of strong adjusted free cash flow generation. We built momentum through the quarter, as the value proposition of HGV Max membership has continued to resonate with our members and guests. Looking forward, we are reiterating our guidance for the year, which reflects our ongoing confidence in the business and the significant value creation opportunities we see ahead.”