Hilton Grand Vacations Q2 profit misses on construction deferrals
HGV•Guidance and capital returns
Hilton Grand Vacations reiterated its 2026 full-year adjusted EBITDA guidance of $1.225 billion to $1.265 billion. The company said healthy tour growth and disciplined cost management support the outlook.
The company also repurchased 3.1 million shares for $150 million in the second quarter.
Quarterly results and drivers
Hilton Grand Vacations said second-quarter revenue rose year over year, but adjusted earnings missed analyst expectations. The company’s results were impacted by a $28 million net construction deferral in the quarter.
Key drivers included:
- Construction deferrals — Net construction deferral of $28 million reduced reported revenue and profit for the quarter.
- Tour growth — A 6.1% increase in tours contributed to higher segment revenues, the company said.
- Lower VPG — Volume per guest fell 8.6%, weighing on contract sales.
Reported figures and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Adjusted EPS | Miss | $0.89 | $0.98 (6 Analysts) |
