Choice Hotels (CHH) Tops Q4 EPS by 20c

Choice Hotels (NYSE: CHH) reported Q4 EPS of $1.26, $0.20 better than the analyst estimate of $1.06. Revenue for the quarter came in at $362 million versus the consensus estimate of $356.79 million. Adjusted EBITDA for fourth quarter 2022 increased 18% to $112.5 million from the same period of 2021 and included $11.5 million of adjusted EBITDA contribution from Radisson Hotels Americas.

GUIDANCE:

• Net Income for full-year 2023 is expected to range between $245 million and $265 million.
• Adjusted EBITDA for full-year 2023 is expected to range between $520 million and $540 million, representing an approximately 11% increase at the midpoint from the company\'s adjusted EBITDA for full-year 2022. The company\'s full-year 2023 outlook for adjusted EBITDA includes an adjusted EBITDA contribution of more than $60 million from the Radisson Hotels Americas business unit.
• Excluding the impact of Radisson Hotels Americas, adjusted EBITDA for full-year 2023 on a comparable basis is expected to grow by approximately 7% versus full-year 2022.6
• Domestic RevPAR for full-year 2023 is expected to increase approximately 2%, compared to full-year 2022.
• The domestic effective royalty rate for full-year 2023 is expected to continue to grow on a comparable basis in the mid-single digits versus full-year 2022, off a 4.93% baseline in 2022.7
• The domestic number of units for the company\'s upscale, extended-stay and midscale segments is expected to grow approximately 1% for full-year 2023, compared to full-year 2022.

For earnings history and earnings-related data on Choice Hotels (CHH) click here.

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