Travel + Leisure (TNL) Tops Q3 EPS by 10c; offers outlook
Travel + Leisure (NYSE: TNL) reported Q3 EPS of $1.57, $0.10 better than the analyst estimate of $1.47. Revenue for the quarter came in at $993 million versus the consensus estimate of $1.01 billion.
Outlook
The Company is providing its fourth quarter 2024 guidance:
Adjusted EBITDA of $240 million to $260 million
Gross VOI sales of $550 million to $600 million
VPG of $2,900 to $3,000
Travel and Membership Adjusted EBITDA of $45 million to $50 million
The Company is updating its previous guidance for the 2024 full year:
Adjusted EBITDA of $915 million to $935 million (no change from prior outlook)
Gross VOI sales of $2.25 billion to $2.30 billion (vs. prior outlook of $2.25 billion to $2.35 billion)
VPG of $3,000 to $3,025 (vs. prior outlook of $2,950 to $3,050)
For earnings history and earnings-related data on Travel + Leisure (TNL) click here.
