Choice Hotels (CHH) Misses Q1 EPS by 4c; Guides FY16 EPS Below Views
Choice Hotels (NYSE: CHH) reported Q1 EPS of $0.35, $0.04 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $207.1 million versus the consensus estimate of $183.45 million.
Domestic RevPAR increased 1.2 percent in the first quarter of 2016. Domestic RevPAR performance for the first quarter of 2016 was in line with the total industry results for the primary chain scale segments in which the company competes. Compared to its focused competitive set, the company's Comfort family of brands achieved a RevPAR index gain estimated at 170 basis points for the three months ended March 31, 2016 compared to the same period in 2015.
GUIDANCE:
Choice Hotels sees Q2 2016 EPS of $0.66.
Choice Hotels sees FY2016 EPS of $2.30-$2.35, versus the consensus of $2.36.
For earnings history and earnings-related data on Choice Hotels (CHH) click here.
