HGV stock faces lower 2026 EBITDA outlook after weak sales

Hilton Grand Vacations lowered its full-year 2026 adjusted EBITDA outlook after third-quarter contract sales fell short of expectations. The company reported the results on October 29, 2026, in a release to investors.

Total contract sales fell 11.0 percent from a year earlier to USD 807 million in the quarter. Hilton Grand Vacations said sales initiatives introduced during the summer were taking longer to ramp, while the weaker performance reflected challenges in sales execution.

Guidance resets after weaker sales

The company now expects full-year adjusted EBITDA, excluding deferrals and recognitions, of USD 1.165 billion to USD 1.180 billion. The previous range was USD 1.225 billion to USD 1.265 billion. Management also expects full-year contract sales to decline by a mid-single-digit percentage and fourth-quarter contract sales to fall by a low- to mid-single-digit percentage.

The reported quarter included a net construction recognition of USD 536 million in revenue. Hilton Grand Vacations said the recognition affected adjusted net income and adjusted EBITDA by USD 296 million, or USD 3.76 per diluted share in the adjusted net-income calculation. Adjusted diluted earnings per share reached USD 4.03, while adjusted EBITDA attributable to stockholders was USD 609 million.

Hilton Grand Vacations stock traded at 40.80 euros on Lang & Schwarz at 22:26 CET on Tuesday, November 10, 2026.

Company statement: Hilton Grand Vacations said its recurring revenue streams and cash generation remained resilient, while management plans to improve conversion rates and restore consistent growth. The company also announced the promotion of Mike Riley to executive vice president and chief sales and marketing officer. The full results are available in the company release.

The broader US equity market can be followed through the S&P 500 market overview.

More news and analyses on Hilton Grand Vacations stock