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Guidance history, every release

Choice Hotels (CHH) · 8 releases, Nov 4, 2024 to Aug 5, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Nov 4, 2024 FY24 Q3	Feb 20, 2025 FY24 Q4	May 8, 2025 FY25 Q1	Aug 6, 2025 FY25 Q2	Nov 5, 2025 FY25 Q3	Feb 19, 2026 FY25 Q4	Apr 30, 2026 FY26 Q1	Aug 5, 2026 FY26 Q2
For FY2027
First asset sales timing	—	—	—	—	—	—	—	New“first half of 2027”
International business profitability	—	—	—	—	New“on track to double profitability by 2027”	—	—	—
For FY2026
Adjusted diluted EPS	—	—	—	—	—	New“$6.92 – $7.14”	Reiterated“$6.92 to $7.14”	Lowered“$6.86 to $7.10”
Adjusted EBITDA	—	—	—	—	—	New“$632 and $647 million”	Reiterated“$632 to $647 million”	Raised“$635 to $650 million”
Adjusted net income	—	—	—	—	—	New“$320 – $330 million”	Reiterated“$320 to $330 million”	Lowered“$312 to $323 million”
Diluted EPS	—	—	—	—	—	New“$5.72 – $5.94”	Reiterated“$5.72 to $5.94”	Lowered“$5.07 to $5.31”
Net income	—	—	—	—	—	New“$265 to $275 million”	Reiterated“$265 to $275 million”	Lowered“$230 to $241 million”
Adjusted SG&A	—	—	—	—	—	—	New“Mid-single digits”	Reiterated“Mid-single digits”
Effective income tax rate	—	—	—	—	—	—	New“approximately 25%”	—
Effective tax rate	—	—	—	—	—	New“25%”	Reiterated“25%”	Raised“26%”
Global net system rooms growth	—	—	—	—	—	New“~1%”	Reiterated“Approximately 1%”	Raised“Approximately 1.5%”
Global RevPAR growth	—	—	—	—	—	New“-2% to 1%”	Reiterated“-2% to 1%”	Lowered“0% to 1%”
Net capital outlays for hotel development-related activities	—	—	—	—	—	New“$20 million to $45 million”	—	Reiterated“$20 million to $45 million”
Total post-employment benefits expected to be recognized	—	—	—	—	—	—	—	New“approximately $2.7 million”
U.S. RevPAR growth	—	—	—	—	—	New“-2% to 1%”	Reiterated“-2% to 1%”	Lowered“0% to 1.25%”
U.S. royalty rate growth	—	—	—	—	—	—	—	New“7 bps to 9 bps”
For FY2025
Adjusted Diluted EPS	—	New“$6.98 – $7.24”	Lowered“$6.90 – $7.22”	Lowered“$6.88 – $7.20”	Lowered“$6.82 - $7.05”	—	—	—
Adjusted EBITDA	—	—	New“$615 – $635 million”	Reiterated“$615 – $635 million”	Narrowed“$620 - $632 million”	—	—	—
Adjusted EBITDA	—	New“$625 and $640 million”	—	—	—	—	—	—
Adjusted EBITDA outlook incremental contribution from Choice Hotels Canada acquisition	—	—	—	New“approximately $6 million”	—	—	—	—
Adjusted Net Income	—	New“$333 – $345 million”	Lowered“$324 – $339 million”	Reiterated“$324 – $339 million”	Lowered“$320 - $331 million”	—	—	—
Diluted EPS	—	New“$6.04 – $6.29”	Lowered“$5.86 – $6.18”	Lowered“$5.54 – $5.86”	Raised“$7.52 - $7.89”	—	—	—
Net income	—	New“$288 to $300 million”	—	—	—	—	—	—
Net Income	—	—	New“$275 – $290 million”	Lowered“$261 – $276 million”	Raised“$353 - $371 million”	—	—	—
Total Choice Hotels Canada business EBITDA	—	—	—	New“approximately $18 million”	—	—	—	—
Domestic Effective Royalty Rate Growth	—	New“Mid-single digits”	Reiterated“Mid-single digits”	Reiterated“Mid-single digits”	—	—	—	—
Domestic RevPAR Growth	—	New“1% to 2%”	Lowered“-1% to 1%”	Widened“-3% to 0%”	—	—	—	—
Effective Income Tax Rate	—	New“25%”	Reiterated“25%”	Reiterated“25%”	—	—	—	—
France rooms portfolio	—	—	—	—	New“nearly double the Company’s France portfolio by year-end 2025”	—	—	—
Global Net System Rooms Growth	—	New“Approximately 1%”	Reiterated“Approximately 1%”	Reiterated“Approximately 1%”	Reiterated“~1%”	—	—	—
Recurring effective tax rate	—	—	—	—	New“25%”	—	—	—
SSAW Hotels & Resorts distribution agreement expected room additions	—	—	—	New“over 9,500 rooms”	—	—	—	—
U.S. average royalty rate growth	—	—	—	—	New“Mid-single digits”	—	—	—
U.S. RevPAR growth	—	—	—	—	New“-3% to -2%”	—	—	—
For FY2024
Adjusted Diluted EPS	New“$6.70 – $6.87”	—	—	—	—	—	—	—
Adjusted EBITDA	New“$590 – $600 million”	—	—	—	—	—	—	—
Adjusted Net Income	New“$323 – $331 million”	—	—	—	—	—	—	—
Diluted EPS	New“$5.74 – $5.91”	—	—	—	—	—	—	—
Net Income	New“$276 – $284 million”	—	—	—	—	—	—	—
Domestic Effective Royalty Rate Growth	New“Mid-single digits”	—	—	—	—	—	—	—
Domestic Net Unit Growth (upscale, extended stay, and midscale brands)	New“Approximately 2%”	—	—	—	—	—	—	—
Domestic RevPAR Growth	New“-2% to -1%”	—	—	—	—	—	—	—
Effective Income Tax Rate	New“24.0%”	—	—	—	—	—	—	—
No period stated
Net debt-to-adjusted EBITDA target range	—	—	—	—	—	—	—	New“3.0x to 4.0x”
China rooms anticipated under SSAW distribution agreement	—	—	—	—	New“anticipated 9,500 rooms”	—	—	—
Master franchising agreement with SSAW Hotels & Resorts room additions	—	—	—	New“approximately 10,000 rooms”	—	—	—	—
Share repurchase authorization remaining	—	—	—	—	New“3.0 million shares”	—	—	—
SSAW Hotels & Resorts master franchising agreement expected room additions	—	—	—	New“approximately 10,000 rooms”	—	—	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.