CHH - Choice Hotels Non-GAAP EPS of $1.12 beats by $0.11 revenue of $332.79M beats by $12.36M

2023-05-09 06:38:56 ET

• Choice Hotels press release ( NYSE: CHH ): Q1 Non-GAAP EPS of $1.12 beats by $0.11 .
• Revenue of $332.79M (+29.1% Y/Y) beats by $12.36M .
• Total revenues, excluding reimbursable revenue from franchised and managed properties, increased 34% to $175 million for first quarter 2023, compared to the same period of 2022.
• Platform and procurement services fees increased 18% to $13.8 million for first quarter 2023, compared to the same period of 2022.
• Royalty, licensing, and management fees increased 18% to $107.5 million for first quarter 2023, compared to the same period of 2022.
• Domestic royalties increased 13% to $98.2 million for first quarter 2023, compared to the same period of 2022.
• Domestic revenue per available room (RevPAR) increased 5.9% for first quarter 2023 compared to the same period of 2022, driven by an increase in average daily rate (ADR) of 5.2% and a 34-basis-point increase in occupancy levels.
• FY23 Outlook: Adj EPS of $5.70-$5.90

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