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News

Choice Hotels Expects 2024 Adjusted EPS Of $6.30-$6.60 Vs. Estimate Of $6.38

Author: Benzinga Newsdesk | May 08, 2024 06:40am

Outlook

The outlook information below includes forward-looking non-GAAP financial measures, which management uses in forecasting performance. The adjusted numbers in the company's outlook below exclude the net surplus or deficit generated from reimbursable revenue from franchised and managed properties, due diligence and transition costs, additional repurchases of company stock, and other items:


 

Full-Year 2024

Prior Outlook

Net Income

$260 – $274 million

$260 – $274 million

Adjusted Net Income

$306 – $320 million

$316 – $331 million

Adjusted EBITDA

$580 – $600 million

$580 – $600 million

Diluted EPS

$5.35 – $5.65

$5.19 – $5.49

Adjusted Diluted EPS

$6.30 – $6.60

$6.30 – $6.60

Effective Income Tax Rate

24.5 %

24.5 %


 

 

 

 

Full-Year 2024

Prior Outlook

vs. Full-Year 2023

Domestic RevPAR Growth

Flat to 2%

Flat to 2%

Domestic Effective Royalty Rate Growth

Mid-single digits

Mid-single digits

Domestic Net Unit Growth

Approximately 2%

Approximately 2%

(upscale, extended stay, and midscale brands)

 

Posted In: CHH

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