Travel + Leisure Beats Q2 Revenue, Raises Full-Year EBITDA Outlook
TNL sits 28% above its 52-week low of $56.66.
Summary
Travel + Leisure posted Q2 revenue of $1.06 billion, topping the $1.04 billion consensus, while adjusted EPS of $1.88 narrowly missed estimates by a penny. The company raised its full-year Adjusted EBITDA guidance to $1.065-$1.085 billion and set Q3 EBITDA guidance of $275-$285 million, signaling confidence in vacation ownership demand. Vacation ownership revenue rose 6% on higher volume per guest and more tours, offsetting a 5% decline in travel and membership revenue. The quarter included $88 million in share repurchases, adding to the $87 million bought back in Q1. This follows the recent $343 million acquisition of Yes& Vacations and Spinnaker Resorts, which should bolster the vacation ownership segment. The raised guidance and strong top-line growth suggest the core business is accelerating, though the slight EPS miss and membership softness warrant monitoring.
At the time of this announcement, TNL was trading at $72.60 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $56.66 to $81.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.