Travel + Leisure Co. (TNL)
Travel + Leisure: Best In Breed At A Reasonable Price
Travel + Leisure continues to outperform peers, driven by strong sales, high-quality customers, and resilient recurring cash flow from its timeshare business. TNL's focus on higher-income, high-credit-score customers and tighter underwriting standards is insulating results from macroeconomic pressures and supporting stable credit quality. Robust free cash flow generation enables TNL to return significant capital to shareholders through dividends and buybacks, with a capital return yield exceeding 10%.
Travel + Leisure Co. (TNL) Q3 2025 Earnings Call Transcript
Travel + Leisure Co. (NYSE:TNL ) Q3 2025 Earnings Call October 22, 2025 8:00 AM EDT Company Participants Erik Hoag - Chief Financial Officer Michael Brown - CEO, President & Director Conference Call Participants Chris Woronka - Deutsche Bank AG, Research Division Benjamin Chaiken - Mizuho Securities USA LLC, Research Division Charles Scholes - Truist Securities, Inc., Research Division Brandt Montour - Barclays Bank PLC, Research Division Ian Zaffino - Oppenheimer & Co. Inc., Research Division David Katz - Jefferies LLC, Research Division Elizabeth Dove - Goldman Sachs Group, Inc., Research Division Stephen Grambling - Morgan Stanley, Research Division Presentation Operator Greetings, and welcome to the Travel + Leisure Q3 202 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded.
Travel Leisure Co. (TNL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Travel Leisure Co. (TNL) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Travel + Leisure Co. (TNL) Q3 Earnings and Revenues Beat Estimates
Travel + Leisure Co. (TNL) came out with quarterly earnings of $1.8 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to earnings of $1.57 per share a year ago.
Travel + Leisure: Sustained Upside
Travel + Leisure Co. has outperformed the consumer discretionary sector YTD, with 25% price gains. Even as it trades at five-year highs now, further upside is likely. Despite mixed Q2 2025 results, vacation ownership sales exceeding forecasts and an upgrade in outlook for volumes per guest support a bullish outlook. My adjusted net income estimates imply a correction is possible in H2 2025, but TNL's market valuation looks fine, especially going into 2026.
Travel + Leisure: Improved Sales And Loan Quality Provide Further Upside
Travel + Leisure's core vacation ownership business is delivering strong sales growth, offsetting weakness in its exchange segment and supporting recurring revenue resilience. Loan quality is improving thanks to tightened lending standards, with high FICO scores and strong reserves, reducing future credit risk and provisioning needs. Solid free cash flow and a healthy balance sheet enable robust capital returns through buybacks and a secure 3.6% dividend yield, enhancing shareholder value.
Travel + Leisure Co. (TNL) Q2 2025 Earnings Call Transcript
Travel + Leisure Co. (NYSE:TNL ) Q2 2025 Earnings Conference Call July 23, 2025 8:00 AM ET Company Participants Erik Hoag - Chief Financial Officer Michael Brown - CEO, President & Director Conference Call Participants Chris Woronka - Deutsche Bank AG, Research Division Elizabeth Dove - Goldman Sachs Group, Inc., Research Division Charles Scholes - Truist Securities, Inc., Research Division Stephen Grambling - Morgan Stanley, Research Division David Katz - Jefferies LLC, Research Division Benjamin Chaiken - Mizuho Securities USA LLC, Research Division Brandt Montour - Barclays Bank PLC, Research Division Operator Greetings, and welcome to the Travel + Leisure Second Quarter 2025 Earnings Conference Call Webcast. [Operator Instructions] As a reminder, this conference is being recorded.
Compared to Estimates, Travel Leisure Co. (TNL) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Travel Leisure Co. (TNL) give a sense of how the business performed in the quarter ended June 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Travel + Leisure Co. (TNL) Lags Q2 Earnings Estimates
Travel + Leisure Co. (TNL) came out with quarterly earnings of $1.65 per share, missing the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.52 per share a year ago.
Travel + Leisure Co. (TNL) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Travel Leisure Co. (TNL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Travel + Leisure Up 10% in a Month: Hold Steady or Lock in Gains?
TNL stock climbs 9.5% in a month, fueled by strong VPG and brand momentum, but earnings downgrades and macro risks raise investor caution.
Travel + Leisure Co. (TNL) Q1 2025 Earnings Call Transcript
Travel + Leisure Co. (NYSE:TNL ) Q1 2025 Earnings Conference Call April 23, 2025 8:30 AM ET Company Participants Mike Hug - Chief Financial Officer Michael Brown - President & Chief Executive Officer Conference Call Participants David Katz - Jefferies Patrick Scholes - Truist Securities Dany Asad - Bank of America Chris Woronka - Deutsche Bank Lizzie Dove - Goldman Sachs Asset Management Ben Chaiken - Mizuho Securities Stephen Grambling - Morgan Stanley Brandt Montour - Barclays Operator Greetings, and welcome to the Travel + Leisure Q1 2025 Earnings Call. At this time, all participants are in a listen-only mode.
