earnings
confidence high
sentiment positive
materiality 0.75
Choice Hotels Q2 revenue record $427.4M; adjusted EPS $1.75 beats; Radisson synergies $80M ahead of schedule
CHOICE HOTELS INTERNATIONAL INC /DE
2023-Q2 EPS reported
$2.66
revenue$760,212,000
- Revenue $427.4M record (+16% YoY); adjusted EBITDA $153.1M record (+18%).
- GAAP diluted EPS $1.65 (down 13% due to integration costs); adjusted diluted EPS $1.75 (+22%).
- Global pipeline rooms >93,000 (+10% YoY); conversion pipeline +14% YoY.
- Radisson integration achieved $80M synergies ahead of schedule; onboarded 600 hotels in July 2023.
- Repurchased 1.8M shares for $236.3M in H1 2023; $655M over trailing 12 months (10% of shares outstanding).