Hilton Grand Vacations Inc. (NYSE:HGV) shares are trading lower after the company reported fourth-quarter FY23 results.
Sales rose to $1.02 billion from $992 million a year ago, in line with the consensus. Revenues were affected by a net deferral of $21 million in the current period compared to a net deferral of $3 million in the same period in 2022.
Real estate sales and financing segment revenues totaled $591 million, a decrease of $4 million from last year. Total contract sales declined by $62 million to $572 million a year ago in the …