Choice Hotels raises FY24 adjusted EPS view to $6.40-$6.65 from $6.30-$6.60

Consensus $6.49. Backs FY24 adjusted EBITDA view $580M-$600M. Backs FY24 effective tax rate view 24.5%. Sees Fy24 domestic RevPAR down 1.5%-3.5%. The company said, “The company is adjusting its RevPAR outlook to reflect a more moderated domestic RevPAR performance acceleration than previously expected. The outlook information below includes forward-looking non-GAAP financial measures, which management uses in forecasting performance.”