earnings
confidence high
sentiment positive
materiality 0.75
Hyatt Q2 2023 adjusted net income rises to $88M; system-wide RevPAR up 15%
Hyatt Hotels Corp
2023-Q2 EPS reported
$1.16
revenue$3,385,000,000
- Net income $68M (diluted EPS $0.63) vs $206M ($1.85) a year ago; adjusted net income $88M (adj. EPS $0.82) vs $51M ($0.46).
- Comparable system-wide RevPAR up 15.0% YoY; total fee revenue at a record level in Q2.
- Adjusted EBITDA $273M vs $255M prior year; owned/leased margins 26.2%.
- Net rooms growth 6.9%; pipeline of ~119,000 rooms, ~40% of existing portfolio.
- Repurchased ~969k shares for $108M in Q2.