Choice Hotels International

Choice Hotels reported adjusted earnings per share of $2.02 for Q2 (expectation $1.96) and revenue of $441 million (expectation $429.71 million). The company raised its full-year guidance and now expects adjusted EBITDA of $635–650 million and adjusted EPS of $6.86–7.10. Net room growth improved, US RevPAR and global RevPAR rose slightly, and management cites AI tools, conversions and the loyalty program as drivers of franchise efficiency. The stock reacted premarket with a roughly 4.4% gain; share buybacks of $175–225 million are planned. » More on de.investing.com

Shareholders of Choice Hotels approved an amendment to the certificate of incorporation that raises the size of the board from previously three to twelve members to five to fifteen members going forward. The company filed the amendment in Delaware and amended its bylaws, which took effect on Thursday. Shareholders also elected eleven directors to one-year terms and reappointed Ernst & Young as independent auditors. » More on de.investing.com

Choice Hotels shares fell in morning trading after the surprise resignation of President and CEO Patrick Pacious (effective May 20, 2026). Dominic Dragisich was named interim CEO and will receive a $500,000 cash bonus plus $500,000 in RSUs; the board has launched a search for a permanent successor. Goldman Sachs cut its price target from $110 to $108 after disappointing RevPAR, a miss on adjusted EBITDA and adjusted EPS of $1.07 for Q1; the company confirmed its full-year outlook but is under strategic pressure given the leadership change and a previously failed takeover attempt. » More on de.investing.com