Choice Hotels reports Q3 adjusted EPS $2.23, consensus $1.92

Reports Q3 revenue $427.96M, consensus $433.83M. “Choice Hotels (CHH) generated another quarter of record financial performance, demonstrating the successful execution of our growth strategy and giving us the confidence to raise our full-year guidance,” said Patrick Pacious, president and CEO. “We accelerated our unit growth, increased our global pipeline to new levels, expanded our international reach, and significantly grew the size of our rewards program. The positive momentum we have created and the strength of our versatile business model bolsters our ability to continue to deliver sustained top-line and earnings growth while returning significant capital to shareholders.”