Choice Hotels backs FY23 adjusted EPS view $5.70-$5.90, consensus $5.92

Backs FY23 adjusted EBITDA view $525M-$540M. Sees FY23 effective tax rate 24%. The company said, “The company is reaffirming its previously provided financial guidance for full-year 2023. The outlook information provided below is inclusive of the Radisson Hotels Americas acquisition and includes forward-looking non-GAAP financial measures, which management uses in measuring performance. The adjusted numbers in the company’s outlook exclude the net surplus or deficit generated from reimbursable revenue from franchised and managed properties, due diligence and transition costs, and other items.”