InterContinental Hotels Group Full Year 2023 Earnings: EPS Beats Expectations
InterContinental Hotels Group (LON:IHG) Full Year 2023 Results
Key Financial Results
Revenue: US$2.16b (up 17% from FY 2022).
Net income: US$750.0m (up 100% from FY 2022).
Profit margin: 35% (up from 20% in FY 2022). The increase in margin was primarily driven by higher revenue.
EPS: US$4.44 (up from US$2.07 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
InterContinental Hotels Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in the United Kingdom.
Performance of the British Hospitality industry.
The company's shares are down 4.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for InterContinental Hotels Group that you need to take into consideration.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
