Travel + Leisure (NYSE: TNL) reported Q2 EPS of $1.52, $0.11 better than the analyst estimate of $1.41. Revenue for the quarter came in at $985 million versus the consensus estimate of $987.2 million.

Outlook:

The Company is updating 2024 full year guidance:

Adjusted EBITDA of $915 million to $935 million (vs. prior outlook of $910 million to $930 million)

Gross VOI sales of $2.25 billion to $2.35 billion

VPG of $2,950 to $3,050 (vs. prior outlook of $2,900 to $3,000)

The Company is providing its third quarter 2024 guidance:

Adjusted EBITDA of $235 million to $245 million

Gross VOI sales of $620 million to $650 million

VPG of $2,950 to $3,025

Travel and Membership Adjusted EBITDA of $55 million to $60 million

This guidance is presented only on a non-GAAP basis because not all of the information necessary for a quantitative reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measure is available without unreasonable effort, primarily due to uncertainties relating to the occurrence or amount of these adjustments that may arise in the future. Where one or more of the currently unavailable items is applicable, some items could be material, individually or in the aggregate, to GAAP reported results.

For earnings history and earnings-related data on Travel + Leisure (TNL) click here.