Hyatt Hotels Q3 Earnings Exceed Expectations

Hyatt Hotels Q3 Earnings Exceed Expectations
  • Hyatt Hotels Corp H reported third-quarter FY22 sales of $1.54 billion, beating the consensus of $1.45 billion.
  • Comparable system-wide RevPAR increased 45.9% to $133.31. System-wide Net Rooms Growth was 18.7%.
  • Comparable owned and leased hotels RevPAR increased 47.4% to $177.24.
  • The company held $1.4 billion in cash and equivalents as of September 30, 2022.
  • Adjusted EBITDA rose to $252 million versus $110 million last year.
  • Adjusted EPS of $0.64 beat the analyst consensus of $0.28.
  • Hyatt repurchased 1.87 million shares for $162 million in Q3.
  • At the end of Q3, the company had a consolidated debt of $3.8 billion.
  • Outlook: Hyatt expects FY22 capital expenditure to be $210 million.
  • The company currently expects to grow net rooms by approximately 6.5%.
  • It expects system-wide constant dollar RevPAR to grow 60% - 65% from 2021.
  • Price Action: H shares are trading lower by 0.39% at $91.61 in premarket on the last check Thursday.
  • Photo Via Company
Posted In: BriefsEarningsNewsGuidanceGeneral