Hilton Worldwide Issues Q4 Outlook, Lifts FY22 Earnings Guidance Above Expectations

Hilton Worldwide Holdings Inc HLT reported Q3 FY22 sales of $2.37 billion, up almost 36% Y/Y, missing the consensus of $2.44 billion.
The company posted an adjusted EPS of $1.31, up from $0.78 a year ago, beating the consensus of $1.24. The company said the adjusted EPS exceeded the high end of management guidance of $1.16-$1.24.
"Improved performance reflected the continued strength in leisure travel, as well as recovering business transient and group demand. We expect these strong trends to continue throughout the fourth quarter with system-wide RevPAR once again exceeding prior peaks," said Christopher Nassetta, President & CEO.
Guidance: Hilton issued a Q4 adjusted EPS outlook of $1.15-$1.23 versus the consensus of $1.18.
For FY22, the company sees adjusted EPS of $4.46-$4.54 compared to the consensus of $4.41 and earlier guidance of $4.11-$4.36.
Adjusted EBITDA is now projected to be between $2.50-$2.53 billion, up from $2.40 billion and $2.50 billion expected earlier.
On a currency-neutral basis, system-wide comparable RevPAR is now expected to increase between 40%-43% compared to 2021 and decrease between 1%-3% from 2019.
Previously, System-wide comparable RevPAR, on a currency-neutral basis, was expected to increase between 37%-43%.
Price Action: HLT shares are up 1.48% at $128.69 on the last check Wednesday.
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