NYSE$RHP

Ryman Hospitality Properties Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Ryman Hospitality Properties reported first quarter results, showing improved conditions for the travel industry and announced an agreement to acquire the remaining ownership interest in Gaylord Rockies JV.

Ryman Hospitality Properties reported encouraging first-quarter results, driven by improving travel industry conditions and progress in the United States vaccine rollout. The company also announced an agreement to acquire the remaining 35% ownership interest in the Gaylord Rockies JV.

  • Company reached an agreement to acquire the remaining 35% ownership interest in the Gaylord Rockies JV along with approximately 130 acres of undeveloped, adjacent land for $210 million.
  • Resort pool enhancements at Gaylord Palms opened in time for the Spring Break period and received positive feedback from guests.
  • Rooms and meeting space expansion was completed in April at Gaylord Palms.
  • Refurbished room inventory at Gaylord National is anticipated to be completed prior to its July 1, 2021 reopening.

Headline financials

Total Revenue

$84.2M

Previous: $313M-73.1%
EPS (adj)

-$0.91

Previous: $0.59-254.2%
Average Daily Rate

$184.91

No prior period
RevPAR

$82.48

No prior period
Total RevPAR

$133.40

No prior period
Capital Expenditures

-$25.8M

Previous: -$43.2M+40.2%
Free Cash Flow

-$143M

Previous: -$93.9M-52.2%
Net Income

-$117M

Previous: -$50.7M-130.8%
Operating Income

-$79.6M

Previous: $4.75M-1774.9%
Gross Profit

$59K

Previous: $101M-99.9%
Cash & Equivalents

$67.1M

Previous: $662M-89.9%
Total Assets

$3.88B

Previous: $0.00
Stock-Based Comp

$2.52M

Previous: $2.23M+13.1%

Revenue & EPS history

Ryman · Revenue · Quarterly

$84.2M

Q1 2021-73.1%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Ryman · $160M total across 2 segments · Q1 2021

  • Hospitality
    $124M
  • Entertainment
    $35.9M

Forward guidance

Company sees positive news coming on the COVID-19 front, enabling leisure and business travel to resume.

Tailwinds

  • United States vaccine rollout continues to progress.
  • Consumer confidence is growing.
  • Increasing demand for unique offerings.
  • Conversations with meeting planners continue to be encouraging.
  • Seeing fewer cancellations and continued rebooking activity.

Headwinds

  • Risks and uncertainties associated with the COVID-19 pandemic.
  • Effects of the COVID-19 pandemic on the demand for travel, transient and group business (including government-imposed restrictions).
  • Levels of consumer confidence in the safety of travel and group gathering as a result of COVID-19.
  • Duration and severity of the COVID-19 pandemic in the United States and the pace of recovery following the COVID-19 pandemic.
  • Governmental restrictions on our businesses.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.3%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+3.1%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+7.8%

Q1 2020

Best reaction

-12.4%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+5.6%+9.5%
Q4 2025-0.7%-4.2%-9.7%
Q3 2025+1.4%+5.7%+3.6%
Q1 2025+6.0%+7.3%+10.2%
Q4 2024-5.0%-6.6%-8.8%
Q3 2024+0.7%+4.6%+9.9%
Q2 2024+0.4%-6.5%+1.0%
Q1 2024-0.6%-0.2%-0.4%
Q4 2023+0.2%-0.9%-3.3%
Q3 2023+2.1%+2.6%+8.9%
Q2 2023-5.3%-4.7%-8.2%
Q1 2023+1.9%+3.7%+8.3%
Q4 2022+3.9%+4.6%-9.5%
Q3 2022-0.0%-4.7%+3.0%
Q2 2022-1.6%-2.7%-7.1%
Q1 2022-0.2%-1.5%+1.6%
Q4 2021+3.4%-1.2%+4.1%
Q3 2021+4.5%+11.3%-13.0%
Q2 2021-2.0%+3.6%+9.1%
Q1 2021-3.3%+0.4%-1.8%
Q4 2020+7.1%+6.3%+4.4%
Q3 2020+1.8%+2.2%+61.0%
Q2 2020+7.5%+16.2%+27.7%
Q1 2020+7.8%-8.1%+45.9%
Q4 2019-11.8%-17.1%-58.2%
Q3 2019+4.3%+4.2%+2.9%
Q2 2019+4.5%+9.7%+12.8%
Q1 2019+2.4%+3.8%-3.9%
Q4 2018-3.8%-1.9%-0.5%
Q3 2018-0.0%-0.6%-1.1%
Q2 2018-0.7%+0.3%+4.5%
Q1 2018+0.2%+1.5%+7.0%
Q4 2017+3.7%+0.3%+6.9%
Q3 2017+0.5%-0.2%+3.7%
Q2 2017-5.3%-5.9%-5.1%
Q1 2017-0.9%+0.4%+1.5%
Q4 2016-2.9%-5.3%-8.3%
Q3 2016+3.0%+1.9%+17.1%
Q2 2016-1.8%-2.2%-6.1%
Q1 2016+0.1%
Q4 2015-1.9%
Q3 2015+3.0%
Q2 2015-8.4%
Q1 2015-1.0%
Q4 2014+5.7%
Q3 2014-0.4%
Q2 2014-2.0%
Q1 2014+1.7%
Q4 2013+0.0%
Q4 2010+0.0%
Q3 2013+7.7%
Q2 2013-4.1%
Q1 2013+0.2%
Q4 2012+2.9%
Q3 2012-2.4%
Q2 2012+4.9%
Q1 2012-0.4%
Q4 2011+2.4%
Q3 2010+4.0%
Q3 2011+4.0%
Q2 2011-12.4%
Q1 2010-1.2%
Q1 2011-1.2%
Q2 2010-1.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro