Earnings ·
Wyndham Reports Q3 EPS of $1.33, Raises Full-Year Outlook and Increases Buyback Authorization by $400M
WHWyndham Hotels & Resorts, Inc.
Wyndham Hotels & Resorts reported third-quarter net income of $99 million and diluted earnings per share of $1.33, a 2% decline from the prior-year period. On a comparable basis, adjusted EPS grew approximately 9% year-over-year to $1.43, driven by a 6% increase in U.S. RevPAR and global system growth of 4%. The company raised its full-year adjusted diluted EPS outlook to $4.84–$4.92 from $4.71–$4.83 and increased its share repurchase authorization by $400 million. Wyndham operates a portfolio of 25 hotel brands, including Super 8, Days Inn, Ramada, La Quinta, and Wyndham.