Choice hotels international reports 2020 first quarter results

Choice hotels international reports 2020 first quarter results.q1 adjusted earnings per share $0.76.q1 earnings per share $0.99.q1 revenue $218.2 million versus refinitiv ibes estimate of $216.3 million.q1 earnings per share estimate $0.70 -- refinitiv ibes data.as of may 6, 2020, 97% of company's more than 5,920 domestic hotels continue to operate.fewer than 20% of company's over 1,210 international hotels were temporarily closed as of may 6, 2020.experienced a higher number of re-openings domestically in last two weeks and internationally since mid-april 2020.choice hotels international - reduced compensation of board of directors, chief executive officer and other executive officers for remainder of 2020.choice hotels international - implemented a hiring freeze, except for certain critical positions, and suspended 401(k) matching for remainder of 2020.since beginning of q1, reduced its global workforce by more than 20% through a combination of layoffs and furloughs.temporarily suspended activity under company's share repurchase plan.suspended future, undeclared dividends in approximate aggregate amount of $25 million for at least remainder of 2020.choice hotels international - estimates cost cutting measures, will reduce 2020 selling, general and administrative costs by about 25%.choice hotels - currently expects impact of covid-19 will be more significant for quarter ended june 30, 2020, than quarter ended march 31, 2020.
CHH Ratings Summary
CHH Quant Ranking