Choice Hotels Intl Q1 2024 Adj EPS $1.28 Beats $1.14 Estimate, Sales $331.949M Miss $343.166M Estimate
Portfolio Pulse from Benzinga Newsdesk
Choice Hotels Intl (NYSE:CHH) reported Q1 2024 adjusted EPS of $1.28, surpassing the $1.14 estimate, marking a 14.29% increase from last year. However, sales of $331.949M fell short of the $343.166M estimate, a slight 0.25% decrease from the previous year.

May 08, 2024 | 10:32 am
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Choice Hotels Intl reported a strong Q1 2024 EPS of $1.28, beating estimates, but missed on sales with $331.949M against expectations.
The positive earnings beat by Choice Hotels Intl suggests operational efficiency and profitability, which is typically favorable for stock sentiment. However, the miss on sales forecasts could raise concerns about revenue growth and market expectations, potentially balancing out the positive earnings impact. Given these mixed results, the short-term impact on CHH's stock price is likely to be neutral as investors weigh the positive earnings against the slight sales disappointment.
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