Choice Hotels Q2 net income up 3% to $87.1M, raises FY2024 EPS guidance

CHOICE HOTELS INTERNATIONAL INC /DE

2024-Q2 EPS reported $2.41 revenue$767,105,000

Total revenues $435.2M (+2% YoY); net income $87.1M (+3%); diluted EPS $1.80 (+9% YoY).
Adjusted diluted EPS $1.84 (record); adjusted EBITDA $161.7M (+6% YoY).
Global rooms pipeline up 22% to 114k rooms; global hotel openings up 20% in Q2.
Raised midpoint of full-year 2024 EPS guidance; domestic RevPAR down 0.5% YoY.
Issued $600M 5.85% senior notes due 2034; repurchased 2.4M shares for $296.2M YTD.

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