Hilton Grand Vacations publishes Q3 2026 earnings call transcript
HGV•Hilton Grand Vacations cut its 2026 adjusted EBITDA guidance to $1.17 billion–$1.18 billion from $1.23 billion–$1.27 billion, citing weaker sales. Third-quarter contract sales fell 11% to $807 million, while adjusted EBITDA rose 4% to $313 million.
1. Guidance and quarterly results
Hilton Grand Vacations lowered its 2026 adjusted EBITDA guidance, citing weaker sales and slower-than-expected traction from sales conversion initiatives. Contract sales fell 11% to $807 million, missing expectations for a mid-single-digit decline, while adjusted EBITDA rose 4% to $313 million, benefiting from a $55 million change to its loan-loss allowance estimate tied to consolidated provisioning methodology. Management maintained its $600 million annual share-repurchase target, despite slowing purchases to $110 million during the quarter.
