Extended Stay America (STAY) Tops Q1 EPS by 1c, Revenues Beat

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Go back to Extended Stay America (STAY) Tops Q1 EPS by 1c, Revenues Beat

Extended Stay America Announces First Quarter 2020 Results and Update of COVID-19 Impact on Business

May 6, 2020 4:21 PM EDT

- Net Income of $7.8 million
- Adjusted EBITDA1 of $97.7 million 

CHARLOTTE, N.C., May 06, 2020 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. and ESH Hospitality, Inc. (NASDAQ: STAY) (together, the Company) today announced consolidated results for the three months ended March 31, 2020.

First Quarter 2020 Highlights

Net income of $7.8 millionTotal revenues of $266.3 millionComparable system-wide Revenue Per Available Room (RevPAR) declined 5.8% to $43.98Adjusted EBITDA1... More