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Investing.com -- Hyatt Hotels (NYSE:H) Corporation reported second quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.68, beating the consensus estimate of $0.65.
The company’s shares edged up 0.3% following the announcement.
The hotel chain reported a net loss of $3 million, or -$0.03 per diluted share, while adjusted net income reached $66 million. Gross fees increased 9.5% to $301 million compared to the same quarter last year, driven by strong performance in the luxury segment and contribution from newly acquired properties.
System-wide comparable RevPAR (Revenue Per Available Room) increased 1.6% compared to the second quarter of 2024, with luxury chain scales leading the growth. The company achieved impressive net rooms growth of 11.8%, or 6.5% excluding acquisitions.
"The second quarter’s results reflect solid performance across our business, including strong fee contribution in a lower RevPAR growth environment," said Mark S. Hoplamazian, President and CEO of Hyatt. "As we look ahead, we are encouraged by recent booking trends, leaving us optimistic about improving performance in the fourth quarter and into next year."
Adjusted EBITDA was $303 million, representing a slight decrease of 1.1% compared to the second quarter of 2024, though it increased 9.0% after adjusting for assets sold in 2024.
For the full year 2025, Hyatt projects comparable system-wide RevPAR growth between 1% and 3% compared to 2024, and adjusted EBITDA between $1,085 million and $1,130 million, representing growth of 7% to 11% after adjusting for assets sold in 2024.
The company also announced plans to return approximately $300 million to shareholders through dividends and share repurchases in 2025.
Hyatt declared a quarterly cash dividend of $0.15 per share, payable on September 10, 2025.