Choice Hotels International Reports FY2023 Q2 Earnings Results for June 30, 2023
August 10, 2023
🌥️Earnings Overview
CHOICE ($NYSE:CHH): Total revenue was USD 427.4 million, an increase of 16.2% from the same period in FY2022. However, their net income was USD 84.7 million, a decrease of 20.2% from the preceding year.
Stock Price
The company’s stock opened at $130.7 and closed at $131.5, representing a 2.5% increase from the previous day’s closing price of 128.4. Overall, CHOICE HOTELS INTERNATIONAL reported strong earnings results for the second fiscal quarter of 2023 and is on track to achieve its financial objectives. With a healthy balance sheet and increasing global portfolio occupancy rates, the company is well-positioned to capitalize on future growth opportunities. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CHH. More…
| Total Revenues | Net Income | Net Margin |
| 1.54k | 294.41 | 18.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CHH. More…
| Operations | Investing | Financing |
| 333.45 | -477.59 | -427.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CHH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.15k | 2.1k | 1.08 |
Key Ratios Snapshot
Some of the financial key ratios for CHH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.4% | 22.0% | 28.5% |
| FCF Margin | ROE | ROA |
| 15.9% | 538.9% | 12.7% |
Analysis
At GoodWhale, we are constantly analyzing the fundamentals of different firms. Recently, we have been taking a look at CHOICE HOTELS INTERNATIONAL. After an extensive assessment of their financial and business aspects, the GoodWhale Risk Rating system has classified CHOICE HOTELS INTERNATIONAL as a medium risk investment. We have detected two risk warnings in their balance sheet, one of which is non-financial. To learn more about our findings and get more information about the firm’s prospects, be sure to register on GoodWhale.com. We are constantly striving to provide the best insights into investments and would be more than happy to help you make informed decisions. More…
Peers
Choice Hotels International, Inc. is one of the world’s largest hotel companies. With over 6,300 hotels across more than 35 countries and territories, Choice Hotels International offers a wide variety of lodging options to suit any need. Wyndham Hotels & Resorts, Hilton Worldwide Holdings, and Marriott International are all major competitors in the hotel industry.
– Wyndham Hotels & Resorts Inc ($NYSE:WH)
Wyndham Hotels & Resorts Inc is one of the largest hotel companies in the world, with over 7,500 hotels across more than 80 countries. The company offers a wide range of hotel brands, from economy to luxury, and its portfolio includes some of the most well-known hotel brands in the world, such as Wyndham, Ramada, Days Inn, and Super 8. Wyndham Hotels & Resorts is headquartered in Parsippany, New Jersey.
The company’s market cap is 6.2B as of 2022 and its ROE is 30.65%.
– Hilton Worldwide Holdings Inc ($NYSE:HLT)
Hilton Worldwide Holdings Inc. is a hospitality company that owns, leases, manages, develops, and franchises hotels and resorts. The company operates in three segments: Owned and Leased Hotels, Management and Franchise, and Timeshare. As of December 31, 2020, it owned, leased, or managed 2,084 properties with 883,944 rooms. Hilton Worldwide Holdings Inc. was founded in 1919 and is headquartered in McLean, Virginia.
– Marriott International Inc ($NASDAQ:MAR)
Marriott International is one of the world’s largest hotel companies, with more than 6,000 properties in over 120 countries and territories. Marriott operates and franchises hotels and timeshare properties under 30 brands, including Marriott, Ritz-Carlton, Sheraton, and Westin. The company also has a vacation ownership division, Marriott Vacations Worldwide. Marriott was founded in 1927 by J. Willard Marriott and Frank J. Taylor.
Summary
Choice Hotels International’s FY2023 Q2 earnings results show that the company has experienced a significant increase in total revenue, rising 16.2% from the same period last year. Despite this, net income has seen a 20.2% decrease from the prior year. Investors should take this into consideration when making decisions regarding Choice Hotels International as a potential investment. Furthermore, analysts should consider the company’s current performance and potential for future growth in order to identify whether it is a suitable choice for a portfolio.
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