earnings
confidence high
sentiment positive
materiality 0.75
Wyndham Q2 adjusted EPS $1.07 beats; raises FY EBITDA/EPS guidance; pipeline record 208k rooms
WYNDHAM HOTELS & RESORTS, INC.
2022-Q2 EPS reported
$2.13
revenue$757,000,000
- Q2 adjusted diluted EPS $1.07 vs $1.00 GAAP; net income $92M, adjusted net income $99M.
- Global RevPAR up 23% in constant currency (US +15%, intl +59%); hotel franchising revenue up 18% to $335M.
- Raised FY2022 outlook: adj. EBITDA $611-631M (prior $605-625M), adj. diluted EPS $3.51-3.63 ($3.39-3.51 prior).
- Global development pipeline record 208k rooms (+9% YoY); domestic signings up 77%.
- Returned $171M to shareholders via $142M buybacks and $0.32/share dividend; completed sale of Wyndham Grand Rio Mar for ~$62M.