- Choice Hotels press release ( NYSE: CHH ): Q4 Non-GAAP EPS of $1.26 beats by $0.20 .
- Revenue of $361.98M (+27.2% Y/Y) beats by $5.24M .
- Domestic RevPAR accelerated in the quarter to 20.4% versus 2019; full-year net income and adjusted EBITDA surpassed 2019 levels by 49% and 28%.
- Q1 Outlook : Net Income is expected to range between $28 million and $32 million; Adjusted EBITDA to range between $100 million and $105 million.
- FY2023 Outlook : Net Income is expected to range between $245 million and $265 million; Adjusted EBITDA to range between $520 million and $540 million; Domestic RevPAR 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; 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.
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Choice Hotels Non-GAAP EPS of $1.26 beats by $0.20, revenue of $361.98M beats by $5.24M