secwatch / observer
8-K/A filed February 28, 2024, 6:59 PM ET ticker PK CIK 0001617406
other material confidence high sentiment neutral materiality 0.60

Park Hotels corrects 2024 revenue outlook down ~$29M; operating margin up 20 bps

Park Hotels & Resorts Inc.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Park Hotels & Resorts Inc. updated its the fourth quarter and full year ended December 31, 2023 guidance (reaffirmed).

Period
the fourth quarter and full year ended December 31, 2023
Guidance
reaffirmed
Result
reported results
Exact text from the filing
On February 27, 2024, Park Hotels & Resorts Inc. (the “Company”) issued a press release announcing its results of operations for the fourth quarter and full year ended December 31, 2023
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Park Hotels & Resorts Inc. reported Full-Year 2024 Outlook results: revenue low case” and “high case” of Total Revenues are $2,633 million and $2,682 million, respectively, rather than $2,662 mill. Guidance lowered.

Period
Full-Year 2024 Outlook
Revenue
low case” and “high case” of Total Revenues are $2,633 million and $2,682 million, respectively, rather than $2,662 mill
Guidance
lowered
Result
guidance update
Exact text from the filing
the “low case” and “high case” outlook of operating income margin are 15.1% and 16.3%, respectively, rather than 14.9% and 16.1%, respectively; and (ii) under the accompanying reconciliations to the full-year 2024 outlook, the “low case” and “high case” of Total Revenues are $2,633 million and $2,682 million, respectively, rather than $2,662 million and $2,711 million, respectively
View on SEC.gov

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Park Hotels & Resorts Inc. filing history →

Source: SEC EDGAR
accession 0001617406-24-000014
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