NYSE$TNL

Travel + Leisure Co · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter results and improved financial flexibility.

Wyndham Destinations reported a GAAP net loss of $164 million, or $1.92 per share, on net revenue of $343 million. The company's results exceeded expectations despite significant impacts from the COVID-19 pandemic.

  • GAAP net loss from continuing operations of $164 million and diluted loss per share of $1.92 on net revenue of $343 million
  • Adjusted EBITDA of $16 million and adjusted diluted loss per share of $1.11
  • Cash and cash equivalents of $1.1 billion at the end of June
  • Issued $650 million senior secured notes due 2026

Headline financials

Total Revenue

$343M

Previous: $1.04B-67.0%
EPS (adj)

-$1.11

Previous: $1.45-176.6%
Gross VOI Sales

$18M

Previous: $626M-97.1%
Tours

6.0K

Previous: 249.0K-97.6%
Exchange Revenue per Transaction

$103.00

Previous: $165.00-37.6%
Capital Expenditures

-$39M

Previous: -$50M+22.0%
Free Cash Flow

-$203M

Previous: $74M-374.3%
Net Income

-$164M

Previous: $124M-232.3%
Operating Income

-$114M

Previous: $198M-157.6%
Gross Profit

$326M

Previous: $989M-67.0%
Cash & Equivalents

$1.05B

Previous: $257M+309.3%
Total Assets

$7.6B

Previous: $7.47B+1.8%
Stock-Based Comp

$7M

Previous: $7M+0.0%

Revenue & EPS history

Travel + Leisure · Revenue · Quarterly

$343M

Q2 2020-67%vs Q2 2019
Beat estimate in 2 of 16 quarters(13%)
ActualEstimate

Revenue by segment

Travel + Leisure · $344M total across 2 segments · Q2 2020

  • Vacation Ownership
    $239M-70.5%
  • Travel and Membership
    $105M-54.3%

Forward guidance

The Company expects to recommend a third quarter dividend of $0.30 per share for approval by the Company’s Board of Directors in August.

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 Q2 2020

Historical avgQ2 2020

-0.0%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.4%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+20.3%

Q3 2018

Best reaction

-13.7%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-13.7%-14.2%-14.5%
Q4 2025+3.5%+2.2%-5.9%
Q3 2025+15.3%+8.5%+6.6%
Q2 2025-1.4%-1.8%+0.4%
Q1 2025+1.0%+3.2%+12.0%
Q4 2024+0.7%-2.7%-17.9%
Q3 2024+4.8%+6.8%+21.0%
Q2 2024-8.3%-6.4%-10.9%
Q1 2024-0.8%-1.5%-4.1%
Q4 2023+10.6%+8.1%+14.6%
Q3 2023-1.7%+0.6%+12.1%
Q2 2023-3.8%-1.3%-3.6%
Q1 2023-3.7%-2.8%-3.5%
Q4 2022+3.7%+3.4%-11.9%
Q3 2022-6.5%-5.5%-5.0%
Q2 2022-5.2%-5.9%-4.2%
Q1 2022+1.9%+0.4%-5.9%
Q4 2021-4.9%-4.3%-0.2%
Q3 2021+3.0%+7.4%-4.6%
Q2 2021-5.6%-9.3%-1.4%
Q1 2021-1.1%-1.5%-0.7%
Q4 2020-0.1%+2.3%+7.9%
Q3 2020-3.9%-0.7%+33.7%
Q2 2020-9.2%-7.0%+6.7%
Q1 2020-3.2%+4.2%+55.5%
Q4 2019-6.5%-4.9%-42.0%
Q3 2019+0.1%+3.1%+4.6%
Q2 2019-0.4%-10.3%-6.7%
Q1 2019+0.3%+2.3%-8.7%
Q4 2018-0.8%-4.6%-14.1%
Q3 2018+20.3%+20.8%+15.6%
Q2 2018-3.0%-4.7%-9.5%
Q1 2018-8.2%-7.0%-6.2%
Q4 2017+4.0%+2.7%-1.4%
Q3 2017-1.9%-2.6%+0.5%
Q2 2017-0.7%-2.1%-2.7%
Q1 2017+4.0%+3.8%+8.0%
Q4 2016+4.9%+3.7%+3.0%
Q3 2016-5.4%-3.0%+9.3%
Q2 2016-7.5%-9.7%-8.2%
Q1 2016-4.6%
Q4 2015+4.9%
Q3 2015+6.0%
Q2 2015+0.9%
Q1 2015-4.4%
Q4 2014+9.8%
Q3 2014-2.5%
Q2 2014+2.1%
Q1 2014-0.6%
Q4 2013-2.9%
Q3 2013+2.6%
Q2 2013+2.5%
Q1 2013-2.8%
Q4 2012+5.8%
Q3 2012-3.3%
Q2 2012+4.7%
Q1 2012+1.2%
Q4 2011+1.1%
Q3 2011+11.4%
Q2 2011-6.5%
Q1 2010+2.0%
Q1 2011+0.6%
Q4 2008-4.4%
Q4 2010-4.4%
Q3 2010-0.5%
Q3 2009-0.5%
Q4 2009+3.1%
Q2 2009+3.1%
Q2 2010+3.1%

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