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Choice Hotels International (CHH)
NYSE:CHH
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.48Last Year’s EPS
$1.44Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 1.41%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record-breaking metrics in international expansion and extended-stay growth, alongside challenges in domestic RevPAR decline and increased reliance on key money. The positive aspects, including increased guidance and strategic recognitions, significantly outweighed the challenges.Company Guidance
During the third quarter of 2024 earnings call for Choice Hotels International (CHH), the company reported strong financial performance, with adjusted EBITDA increasing by 14% and adjusted EPS rising by 23% year-over-year. The company raised its full-year adjusted net income and EPS guidance, with the midpoint of the adjusted EBITDA range increased by $5 million to reflect a 10% year-over-year growth. Choice Hotels' global hotel pipeline reached over 110,000 rooms, marking an 11% increase year-over-year, with 99% of these rooms in more revenue-intense brands. The company also reported a 1.8% year-over-year net increase in global rooms in its revenue-intense brands, including a 4% net increase in international rooms. The Radisson Americas brands showed significant improvement, with a 10% year-over-year increase in the room pipeline and a 53% increase in new construction rooms. Choice Hotels also saw continued strength in the extended-stay segment, achieving a 10% year-over-year growth for five consecutive quarters, with over 350 extended-stay hotels in the pipeline. The company's domestic RevPAR exceeded expectations, driven by renewed corporate transient business travel and group travel growth, leading to an upward revision in the full-year RevPAR outlook. Internationally, CHH expanded its room portfolio by 3.8% year-over-year and increased its pipeline by over 20%. The company also highlighted its strategic focus on more revenue-intense hotels, with these pipeline hotels demonstrating a RevPAR premium of over 30% compared to the existing portfolio.Strong Financial Performance
Adjusted EBITDA grew 14% and adjusted EPS increased by 23% year-over-year. Revenue from non-RevPAR dependent programs was robust, leading to a record $178 million in adjusted EBITDA.
Record Global Hotel Pipeline
The global hotel pipeline reached over 110,000 rooms, an 11% increase year-over-year, with 99% in more revenue intense brands, offering a meaningful RevPAR premium.
Extended Stay Segment Growth
Extended stay unit size grew by over 10% for five consecutive quarters. The brand has over 350 hotels in the pipeline, aiming for a long-term annual unit growth rate of 15%.
International Expansion
International rooms portfolio expanded by 3.8% year-over-year, with a threefold increase in openings. The international pipeline increased by over 20%.
Improved RevPAR Outlook
Domestic RevPAR exceeded expectations, prompting a raise in the full-year U.S. RevPAR guidance. October RevPAR grew approximately 5% year-over-year.
Recognition and Awards
Choice Hotels was named to Time Magazine's World's Best Companies list of 2024, reflecting strong company culture and innovation.
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CHH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CHH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $138.76 | $140.25 | +1.07% |
| Aug 08, 2024 | $123.51 | $121.03 | -2.01% |
| May 08, 2024 | $121.58 | $115.16 | -5.28% |
| Feb 20, 2024 | $116.58 | $113.31 | -2.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Choice Hotels International (CHH) report earnings?
Choice Hotels International (CHH) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Choice Hotels International (CHH) earnings time?
Choice Hotels International (CHH) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CHH EPS forecast?
CHH EPS forecast for the fiscal quarter 2024 (Q4) is $1.48.
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