earnings
confidence high
sentiment positive
materiality 0.75
Choice Hotels Q2 net income up 15% to $85.9M; RevPAR nearly back to 2019 levels, dividend reinstated
CHOICE HOTELS INTERNATIONAL INC /DE
2021-Q2 EPS reported
$1.93
revenue$461,291,000
- Q2 net income $85.9M ($1.53 EPS), up 15% vs Q2 2019; adjusted EPS $1.22, up 3%.
- Domestic systemwide RevPAR -1.1% vs Q2 2019, outperforming industry by 20 ppt; June RevPAR +4.5% vs 2019.
- July RevPAR +15% vs July 2019; company set all-time revenue records on multiple days.
- Board reinstated quarterly dividend of $0.225/share; $14M returned to shareholders in July via dividends and buybacks.
- Awarded 111 new domestic franchise agreements in Q2 (+20% YoY); extended-stay portfolio RevPAR +9.9% vs Q2 2019.