WYNDHAM HOTELS & RESORTS Reports Q2 FY2023 Earnings Results on June 30, 2023
August 21, 2023
🌥️Earnings Overview
WYNDHAM HOTELS & RESORTS ($NYSE:WH) reported a total revenue of USD 362.0 million for the second quarter of FY2023, a 6.2% decrease compared to the same period in the prior year. Net income for the quarter was USD 70.0 million, down 23.9% from the same quarter in 2023.
Market Price
On Wednesday, WYNDHAM HOTELS & RESORTS reported its earnings results for the second quarter of fiscal year 2023. The stock opened at $74.4 and closed at the same point, up 0.2% from the previous closing price of $74.2. This is a strong indication of investor confidence in the company and its ability to deliver solid financial performance. This is a testament to Wyndham’s ability to maintain efficiency and cost-effectiveness without compromising quality and service standards.
The impressive performance posted by Wyndham Hotels & Resorts in the second quarter of FY2023 has cemented its place as one of the premier hospitality providers in the industry. With such positive results, the company is set to continue its strong growth trajectory for the remainder of the fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WH. More…
| Total Revenues | Net Income | Net Margin |
| 1.42k | 294 | 21.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WH. More…
| Operations | Investing | Financing |
| 333 | -84 | -582 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WH. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.06k | 3.18k | 10.9 |
Key Ratios Snapshot
Some of the financial key ratios for WH are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -6.3% | 10.3% | 34.7% |
| FCF Margin | ROE | ROA |
| 20.8% | 32.8% | 7.6% |
Analysis
GoodWhale helps investors understand and analyze the financials of WYNDHAM HOTELS & RESORTS with greater accuracy and understanding. After a thorough analysis, our Risk Rating has found WYNDHAM HOTELS & RESORTS to be a high risk investment in terms of financial and business aspects. In addition to this, GoodWhale has detected 2 risk warnings in the income sheet and balance sheet of WYNDHAM HOTELS & RESORTS. So if you’re looking to make an informed decision about investing in this firm, we recommend registering on GoodWhale.com to get the full picture of their financials. More…
Peers
The hotel industry is a fiercely competitive marketplace. The four largest hotel chains in the world are Wyndham Hotels & Resorts, Choice Hotels International, Hilton Worldwide Holdings, and InterContinental Hotels Group. These companies are all fighting for market share, and each has its own strengths and weaknesses.
– Choice Hotels International Inc ($NYSE:CHH)
Hotels International Inc is one of the world’s largest hotel companies, with more than 6,500 hotels across more than 30 countries. The company operates under a variety of brand names, including Choice Hotels, Comfort Inn, Quality Inn, Sleep Inn, Clarion, Cambria Hotel & Suites, MainStay Suites, Suburban Extended Stay Hotel, Econo Lodge, and Rodeway Inn. The company also has a vacation rental business, which operates under the Vacation Rentals by Choice Hotels brand.
– Hilton Worldwide Holdings Inc ($NYSE:HLT)
Hilton Worldwide Holdings Inc is a hospitality company that owns, leases, manages, develops, and franchises hotels and resorts. The company has a market cap of 37.86B as of 2022 and a return on equity of -143.8%. Hilton Worldwide Holdings is headquartered in Virginia.
– InterContinental Hotels Group PLC ($LSE:IHG)
InterContinental Hotels Group PLC is a hotel company that owns, manages, and franchises hotels and resorts. The company has a market cap of 8.36 billion as of 2022 and a return on equity of -34.42%. The company operates in over 100 countries and has over 7,000 properties.
Summary
WYNDHAM HOTELS & RESORTS reported their second quarter of fiscal year 2023 earnings results on June 30, 2023. Total revenue for the quarter decreased 6.2% to USD 362.0 million compared to the same period one year prior. Net income also decreased 23.9%, to USD 70.0 million.
These results indicate a potential lack of investor confidence in the company and may be concerning for potential investors. Current investors may want to closely monitor the financial performance of WYNDHAM HOTELS & RESORTS to determine if further investment is warranted.
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