earnings
confidence high
sentiment positive
materiality 0.85
Choice Hotels Q3 2024 EPS $2.22 (+23% YoY); raises full-year guidance
CHOICE HOTELS INTERNATIONAL INC /DE
2024-Q3 EPS reported
$4.61
revenue$1,195,069,000
- Total revenues of $428.0M (record, +1% YoY); net income $105.7M (+15%).
- Diluted EPS $2.22 GAAP and $2.23 adjusted, both up 23% YoY.
- Adjusted EBITDA $177.6M (+14% YoY); domestic RevPAR down 250 bps, occupancy up 80 bps QoQ.
- Global pipeline rooms up 11% YoY; conversion rooms up 54%; 190 domestic openings YTD (+19%).
- Raised full-year 2024 net income, EPS, and RevPAR guidance; repurchased $352.9M in stock YTD.