Hyatt's Earnings Reveal Its Plan to Boost Growth
Luxury hospitality giant Hyatt (NYSE: H) reported fourth-quarter 2019 results on Wednesday after the closing bell. The franchisor's financial scorecard reflected a double-digit advance on the top line, and a leap in net income due to the sale of one of its larger international properties. Management also outlined its strategy to bolster growth despite a lukewarm macroeconomic environment. Let's get to the crux of the last three months of operations below, bearing in mind that all comparable numbers refer to those of the prior-year quarter.
Data source: Hyatt. N/A=Not applicable; periods not comparable due to a one-time property sale gain (discussed below).
Image source: Getty Images.
Source Fool.com
