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Choice Hotels made $458.3 million in sales last quarter, beating expectations and showing strong performance for the year.

ResultsRead the original at barchart.com
Good for CHH

Choice Hotels beat estimates for revenue and adjusted profit per share, and revenue per available room rose 11.7%. Its narrowed yearly profit range has no earlier range for comparison, but the reported results point to strength.

CHH · Choice Hotels International, Inc.

AI read · Good for CHH

The AI's read

Beating both sales and profit estimates suggests Choice Hotels had a stronger quarter than analysts expected. More revenue per available room and progress in its plan to grow through hotels it does not own add support. The company also narrowed its full-year profit range, but no earlier range is given to show whether its forecast rose or fell.

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