InterContinental Hotels Group First Half 2024 Earnings: EPS: US$2.13 (vs US$2.65 in 1H 2023)

InterContinental Hotels Group (LON:IHG) First Half 2024 Results

Key Financial Results

• Revenue: US$2.32b (up 4.3% from 1H 2023).
• Net income: US$347.0m (down 24% from 1H 2023).
• Profit margin: 15% (down from 21% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.13 (down from US$2.65 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

InterContinental Hotels Group Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.0% growth forecast for the Hospitality industry in the United Kingdom.

Performance of the British Hospitality industry.

The company's shares are down 7.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with InterContinental Hotels Group, and understanding these should be part of your investment process.

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