NYSE$WH

Wyndham Hotels & Resorts Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Wyndham's Q1 2023 earnings showcased strong growth in key metrics.

Wyndham Hotels & Resorts reported a strong first quarter in 2023, with global RevPAR increasing by 12% and system-wide rooms growing by 4%. The company's development pipeline also saw an 11% increase. Due to the outperformance, the company raised its full-year outlook.

  • Global RevPAR increased by 12% compared to Q1 2022 in constant currency.
  • System-wide rooms grew by 4% year-over-year, with 1% growth in the U.S. and 9% internationally.
  • The development pipeline grew by 11% year-over-year to 226,000 rooms.
  • The company returned $87 million to shareholders through share repurchases and dividends.

Headline financials

Total Revenue

$313M

Previous: $371M-15.6%
EPS (adj)

$0.86

Previous: $0.95-9.5%
Global RevPAR

$37.20

Previous: $34.06+9.2%
Global Rooms

844.8K

Previous: 813.3K+3.9%
U.S. RevPAR

$43.84

Previous: $42.11+4.1%
International RevPAR

$27.99

Previous: $21.95+27.5%
U.S. Rooms

494.4K

Previous: 491.9K+0.5%
International Rooms

350.4K

Previous: 321.4K+9.0%
Capital Expenditures

-$9M

Previous: -$10M+10.0%
Free Cash Flow

$58M

Previous: $96M-39.6%
Net Income

$67M

Previous: $106M-36.8%
Operating Income

$113M

Previous: $160M-29.4%
Gross Profit

$113M

Previous: $160M-29.4%
Cash & Equivalents

$150M

Previous: $416M-63.9%
Total Assets

$4.08B

Previous: $4.29B-4.8%
Stock-Based Comp

$9M

Previous: $8M+12.5%

Revenue & EPS history

Wyndham · Revenue · Quarterly

$313M

Q1 2023-15.6%vs Q1 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Wyndham · $313M total across 1 segment · Q1 2023

  • Hotel Franchising
    $313M+15.1%

Forward guidance

The Company is increasing its outlook for the full year 2023.

Tailwinds

  • Year-over-year rooms growth is expected to be between 2-4%.
  • Year-over-year global RevPAR growth is expected to be between 4-6%.
  • Fee-related and other revenues are projected to be $1.38 - $1.41 billion.
  • Adjusted EBITDA is expected to be $654 - $664 million.
  • Adjusted diluted EPS is projected to be $3.92 - $4.06.

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 2023

Historical avgQ1 2023

+0.7%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-1.0%

Avg return

30 days after

46%

17 / 37 earnings

Positive

+8.8%

Q3 2018

Best reaction

-5.5%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.1%-4.4%-4.5%
Q4 2025+5.6%+5.1%-5.0%
Q3 2025-5.5%-10.0%-9.5%
Q2 2025-1.0%-2.6%-3.3%
Q1 2025+0.1%-2.2%-3.0%
Q4 2024-1.6%+2.1%-17.5%
Q3 2024+8.0%+7.1%+16.0%
Q2 2024+3.4%+4.1%+4.8%
Q1 2024+5.4%+3.9%-1.6%
Q4 2023+1.2%+0.1%-0.3%
Q3 2023-2.5%-3.4%+5.3%
Q2 2023+2.0%+5.0%-1.2%
Q1 2023-1.5%+2.0%+3.9%
Q4 2022-2.0%-2.2%-15.9%
Q3 2022+4.4%+7.9%+3.0%
Q2 2022-1.8%-1.6%-1.0%
Q1 2022-1.0%-1.4%-11.8%
Q4 2021+4.5%+1.6%-1.7%
Q3 2021+5.7%+4.3%+0.8%
Q2 2021+3.7%+0.4%+3.9%
Q1 2021-0.1%-2.1%+0.9%
Q4 2020-2.6%-3.7%+10.6%
Q3 2020-2.2%+0.6%+21.1%
Q2 2020-1.5%-5.1%+13.6%
Q1 2020+6.5%+20.3%+37.6%
Q4 2016-1.6%-2.3%-34.7%
Q4 2019-1.6%-2.3%-34.7%
Q3 2019+0.7%+3.1%+9.7%
Q2 2019-4.7%-2.8%-16.2%
Q1 2019+2.5%+2.4%-2.8%
Q4 2018-0.3%+1.3%+0.1%
Q3 2017+8.8%+9.2%+10.7%
Q3 2018+8.8%+9.2%+10.7%
Q2 2017+0.2%-7.4%-8.9%
Q2 2018-2.0%+0.4%-3.1%
Q1 2018-3.8%-1.7%-6.7%
Q4 2017-3.8%-1.7%-6.7%
Q1 2017

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